ExxonMobil CEO’s pay rises 52% to $36 million
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The total amount of the annual remuneration of the CEO of the American oil and gas company ExxonMobil, Darren Woods, was $36 million last year. Thus, it increased by 52% compared to 2021 and more than doubled compared to 2020. About this ExxonMobil informed on Thursday, April 13, in a document filed with the US Securities and Exchange Commission. Mr. Woods received a $6.4 million cash bonus and $13.5 million in company stock, among other things.
Last year, most oil and gas companies managed to significantly increase their revenues and profits due to the increase in world oil prices. ExxonMobil finished year with a record net profit of $55.7 billion, which more than doubled compared to 2021. The combined profits of the five largest Western oil and gas companies — Exxon, Chevron, Shell, BP and TotalEnergies — reached $200 billion in 2022.
Under such conditions, the remuneration of CEOs of other oil and gas companies also increased. The remuneration of former Shell CEO Ben van Beurden (left this post on January 1) in 2022 increased by one and a half times, to $ 11.6 million. Remuneration of BP CEO Bernard Looney increased doubled last year, to $12 million.
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