Exxon Mobil raises CEO, top executives base pay

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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

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