U.S. oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp's XOM.N chief executive winning a 52% increase.
Darren Woods, the chairman and CEO of Exxon Mobil Corporation, speaks with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 7, 2023. REUTERS/Callaghan O'Hare
HOUSTON, April 13 - U.S. oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp's chief executive winning a 52% increase. The largest U.S. oil company on Thursday disclosed Chief Executive Darren Woods was paid $35.9 million last year.
Oil company workers did not see the same level of increases with median annual compensation for workers declining at several big energy companies. The median pay for an Exxon worker fell 9% last year to $171,582 while Chevron's median worker pay dropped 12%, to $161,488, filings showed. The two largest U.S. oil majors posted record profits in 2022 on high energy prices and costs cuts measures including payroll reductions. Exxon posted the most among Western oil majors,
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