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Exxon mobil ceo darren woods' pay package for 2024 rose 19.3% to $44.1 million, a regulatory filing by the u.s Exxonmobil ceo pay package swells to $44 million value of exxonmobil leader’s compensation grows thanks to spike in pension mark exxonmobil chief executive darren woods gestures as he speaks. Oil major on monday showed.
As chairman and ceo at exxon mobil corp, d Nlpc, an investor in the company, sent a letter to exxonmobil’s board on november 14, 2024, calling for woods to resign as ceo and chairman following his remarks in support of the paris climate agreement. Woods made $33,634,893 in total compensation
Of this total $1,969,000 was received as a salary, $4,548,000 was received as a bonus, $0 was received in stock options, $26,721,000 was awarded as stock and $396,893 came from other types of compensation
This information is according to proxy statements filed for the 2024 fiscal year. Key design features include performance shares with long vesting periods and compensation that is strongly tied to the company’s performance. Exxonmobil chief executive darren woods received $44.1mn in pay for 2024, a 19.3 per cent increase over the year before. According to a regulatory filing, woods’ pay package is about 231 times the average compensation of $190,266 received by the oil major’s workers
The median annual compensation for exxon employees increased by 2.6%, compared to 2023 Meanwhile, chevron ’s ceo michael wirth saw total compensation increase by 23.4% to $32.7 million in 2024.
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