Hi there! Welcome to World of CEOs. Today, we’re diving into Greg Goff’s net worth. How did he amass his fortune, and what’s his financial status in 2024? Let’s find out!
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Gregory James Goff |
| Popular Name | Greg Goff |
| Gender | Male |
| Birth Date | N/A |
| Age | N/A |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | N/A |
| Nationality | American |
| Ethnicity | N/A |
| Education | Bachelor of Science, MBA, University of Utah |
| Marital Status | N/A |
| Sexual Orientation | N/A |
| Wife/Spouse | N/A |
| Children | N/A |
| Dating | N/A |
| Net Worth | $277 Million |
| Source of Wealth | Stock holdings, Executive compensation |
| Height | N/A |
What is the Net Worth of Greg Goff in 2024?
Greg Goff’s net worth is $277 million as of 2024. This wealth comes from his stock holdings in Marathon Petroleum Corp, where he owns about 1,593,192 shares.
For comparison, Darren Woods, CEO of ExxonMobil, has a net worth of $80 million, while Al Monaco, CEO of Enbridge Inc., has an estimated net worth of $31 million.
Goff stands out with a significant financial portfolio in this competitive industry.
Greg Goff Finance Overview
Career Journey
Gregory Goff’s career is marked by significant achievements in the energy sector. He began his career with a strong educational foundation, earning both a Bachelor of Science and an MBA from the University of Utah.
Over the years, Goff held various influential positions, most notably as the president and CEO of Andeavor (formerly Tesoro) from 2010 to 2018. His leadership at Andeavor was transformative, driving the company through substantial growth and strategic transformations.
Major Contributions to Wealth
Goff’s tenure at Andeavor is a cornerstone of his wealth. His strategic decisions, including major mergers and acquisitions, significantly boosted the company’s value.
For instance, his role in the merger between Andeavor and Marathon Petroleum Corp was pivotal.
This merger not only expanded the company’s market presence but also substantially increased its stock value, directly impacting Goff’s financial portfolio.
Stock Holdings and Financial Portfolio
Greg Goff’s stock holdings are a significant part of his wealth. He owns about 1,593,192 shares of Marathon Petroleum Corp, valued at over $277 million.
This extensive stock portfolio underscores his financial acumen and strategic investment decisions.
Additionally, Goff’s investments are diversified across other entities, including Enbridge Inc. and ExxonMobil, where he serves on the boards.
Executive Compensation
Goff’s executive compensation is another crucial component of his wealth. As the Executive Vice Chairman of Marathon Petroleum Corp, his compensation package includes a mix of salary, bonuses, and stock options.
This comprehensive compensation strategy ensures he is well-rewarded for his contributions to the company’s success.
Comparatively, Goff’s compensation is aligned with industry standards, reflecting his significant role and the value he brings to the organization.
Board Memberships and Influence
Beyond his executive roles, Goff’s influence extends through his board memberships at Enbridge Inc. and ExxonMobil. These positions allow him to shape corporate strategies and drive financial outcomes.
His insights and leadership in these roles are highly valued, contributing to the overall performance and strategic direction of these companies.
His involvement in these boards not only enhances his professional standing but also adds to his financial portfolio.
Education and Early Influences
Goff’s education at the University of Utah provided a solid foundation for his career. His early experiences and achievements set the stage for his future success in the energy sector.
The combination of his educational background and early career milestones played a crucial role in shaping his strategic approach and leadership style.
FAQs about Greg Goff
Who is Greg Goff?
He is a seasoned executive in the energy industry with nearly 40 years of experience.
He served as the President and CEO of Andeavor, previously known as Tesoro, from 2010 to 2018, and later as Executive Vice Chairman of Marathon Petroleum Corporation until his retirement in 2019.
What roles has Greg Goff held at ExxonMobil?
He joined the board of ExxonMobil in 2021. He brings extensive experience in areas like exploration and production, refining, and lower carbon solutions, which helps ExxonMobil refine its long-term strategies and provide effective oversight of management.
What is Greg Goff’s educational background?
He holds both a Bachelor of Science and an MBA from the University of Utah. His education laid the foundation for his successful career in the energy sector.
What was Goff’s impact at Andeavor?
Under Goff’s leadership, Andeavor experienced significant financial transformation, generating a total return of over 1,200%.
What other boards does Goff serve on?
Besides ExxonMobil, he serves on the boards of Avient Corporation and Enbridge Inc. He also has experience with several other companies in the energy and materials sectors.
What are Greg Goff’s key contributions to ExxonMobil?
Goff contributes significant expertise in operational processes, risk management, investment stewardship, and regulatory compliance.
How did Greg Goff start his career?
He started his career at ConocoPhillips, where he spent almost 30 years in various leadership positions.
His roles spanned across exploration and production, downstream, and commercial businesses, which equipped him with a broad skill set in the energy industry.
Why was Greg Goff selected for ExxonMobil’s board?
Goff was selected for ExxonMobil’s board due to his extensive leadership experience, deep understanding of the energy sector, and his success in driving financial performance and sustainability initiatives at other major companies.
What is Goff’s vision for the future of energy?
He is known for advocating for a balanced approach to energy, emphasizing the importance of integrating lower carbon solutions with traditional energy sources to drive sustainability and innovation in the sector.
What accolades has Greg Goff received?
He has been recognized as one of the Best-Performing CEOs in the World by Harvard Business Review in 2018, highlighting his exceptional leadership and strategic acumen in the energy industry.
Conclusion
As we wrap up our discussion on Goff’s net worth, it’s clear that his financial acumen places him among the world’s top earners.
For more insights into the financial wizards shaping industries, visit us at worldofceos.com. Keep following for more updates on how the best in business keep their edge in wealth.
