Apache chief's $12M retirement package

APACHE's Steve Farris, who took investors and analysts by surprise with his retirement announcement last week, is expected to collect an $US11.85 million ($A15 million) package of salary and bonus payments over the next three years.

Apache chief's $12M retirement package Apache chief's $12M retirement package Apache chief's $12M retirement package Apache chief's $12M retirement package Apache chief's $12M retirement package

"Farris, who will act as a consultant to Apache for the next 36 months, will collect his $1.75 million salary during that time," Reuters reported.

"He will also receive two bonus payments of $2.

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