Chesapeake CEO's 2015 Compensation Valued at $15.4 Million, Up 5%

   By Maria Armental

Chesapeake Energy Corp.'s chief executive received $15.4 million total compensation in 2015, up 5% from the year earlier, capping a year when the energy producer lost more than $14 billion.

Chief Executive Robert "Doug" Lawler's base pay rose 8% to $1.3 million, and the company's matching contribution to Mr. Lawler's retirement plan rose to $610,363 from $187,500 a year earlier.

Meanwhile, Chief Financial Officer Domenic "Nick" Dell'Osso Jr. received $5.3 million in total compensation, up from $4.9 million a year earlier, driven by stock awards.

The Oklahoma-based energy producer said it was yet to set targets for its performance awards this year citing the volatility of oil and gas prices. Earlier this year, Chesapeake Energy said it had granted Mr. Dell'Osso along with the company's executive vice presidents for operations, M. Christopher Doyle and M. Jason Pigott, $1 million each in stock as long-term retention awards.

The company's stock closed Tuesday at $4.04, down 71% over the past 12 months.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

March 29, 2016 19:12 ET (23:12 GMT)

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