Exxon Mobil Corp. Chief Government Officer Darren Woods’ pay climbed 2.8% to $36.9 million final 12 months, largely led by a change within the worth of his pension.
Woods acquired the next wage, however his pension and “all different compensation” have been probably the most vital in bumping his earnings in contrast with the earlier 12 months, Exxon mentioned in its proxy assertion Thursday. The CEO’s bonus dropped almost 25% to $4.8 million.
Exxon mentioned it’s going to doubtless report decrease first-quarter earnings in contrast with the prior three-month interval because of falling oil and pure gasoline costs and a drop in revenue from mark-to-market derivatives.
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