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Chevron CEO’s 2007 pay up 19%

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From Times Wire Services

Chevron Corp. raised Chief Executive David O’Reilly’s compensation by 19% last year to $15.74 million after record oil prices lifted annual profit to an all-time high.

O’Reilly’s salary rose 1.9% to $1.65 million, the San Ramon, Calif., company said in a Securities and Exchange Commission filing. His bonus climbed 2.9% to $3.6 million.

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