Exxon Mobil CEO gets $21.7 million pay package after record year
HOUSTON (AP) - Exxon Mobil gave chairman and CEO Rex Tillerson an 18% raise to $21.7 million. That's according to an analysis of a proxy statement filed today with the Securities and Exchange Commission.
Irving-based Exxon Mobil's $40 billion profit last year again broke the record for a U.S. company. Tillerson has held the top job at the oil giant since 2006.
The 56-year-old executive received a salary of $1.8 million and a $3.4 million bonus in 2007. The company boosted Tillerson's salary to $1.9 million on January 1st.
The bulk of Tillerson's package was from a stock award Exxon Mobil valued at roughly $16.1 million when it was granted November 28th.
The Texas native also received $7,774 in above-market returns on deferred compensation and $429,792 in "other compensation." That included $229,331 for personal security, $41,122 for personal use of company aircraft and $9,150 for financial planning.