Exxon CEO's compensation rises 3 percent to $28.1M

Published on NewsOK Modified: April 11, 2014 at 1:10 pm •  Published: April 11, 2014
Advertisement
;

IRVING, Texas (AP) — An Associated Press analysis of a regulatory filing shows the CEO of Exxon Mobil Corp. received compensation worth $28.1 million last year, a 3 percent increase over the previous year.

Most of Rex W. Tillerson's compensation was in the form of stock awards, which the largest U.S. oil company valued at $21.3 million when they were granted.

His overall compensation for 2013 was up from $27.2 million in 2012, under The AP's calculation.

The AP analysis of Tillerson's compensation considered salary, bonus, perks and the estimated value of stock and option grants that the company reported Friday to the U.S. Securities and Exchange Commission. The calculation excluded changes in the present value of Tillerson's pension benefits.