Exxon Mobil is raising the annual base salaries of its top boss and other executives for next year. The pay hikes come after the U.S. oil major posted record quarterly profits as sanctions on Russia sent crude and gas prices soaring
is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday.
Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70 million this year, according to a filing. Kathryn Mikells, who became the company's chief financial officer in August last year, will receive a base pay of $1.22 million in 2023.Darren Woods, chairman and chief executive officer of the Exxon Mobil Corporation, speaks during the CERAWeek conference in Houston, Texas, U.S., March 7, 2022. REUTERS/Daniel Kramer
Base salaries, however, represent less than 10% of total pay, with stock awards and bonuses making up a bigger share of what Exxon's executives pocket every year.and $15.6 million in 2020.quarterly profits as sanctions on Russia sent crude and gas prices soaring to dizzying heights this year. The oil industry's windfall profits this year has attracted the attention of U.S. President Joe Biden, who has accused the sector of
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Exxon CEO gets 10% base pay raiseExxon Mobil Corp. undefined said Monday its compensation committee approved an increase in the annual salary for chairman and CEO Darren W. Woods to $1.875...
Leer más »
Affidavit: Man arrested after holding employees at gunpoint during robberies at Exxon, Family DollarA San Antonio man is behind bars after robbing multiple stores and threatening employees at gunpoint, according to an arrest affidavit.
Leer más »
Policy Expert Josh Withrow: Media Cartel Bill a Boon for Media Conglomerates Like News Corp.“This is not going to benefit independent journalists, this is not going to benefit local news outlets nearly as much as it’s going to add to the revenue of these struggling big corporations.”
Leer más »
Getting Vans Back Into Growth Mode for VF Corp.Kristin Harrer spoke with WWD about how the brand aims to connect with consumers’ creative yearnings in new ways.
Leer más »
Inside FTX CEO Sam Bankman-Fried's political influence machine'He just wanted to build this flywheel of domination': how crypto billionaire Sam Bankman-Fried conquered Washington
Leer más »
Communities Foundation of Texas CEO Dave Scullin will retire in 2023 - Dallas Business JournalDave Scullin will continue at CFT through March 3 to facilitate the transition, while the board will start a national search for a new president and CEO.
Leer más »