Exxon Mobil CEO Tillerson Was Paid $27.3 Million for 2015
April 13 2016 - 11:10AM
Dow Jones News
Exxon Mobil Corp. said Chief Executive Rex Tillerson's total
compensation was $27.3 million for 2015, a decline of 18% from the
year earlier as the oil giant's profits were hit by low oil
prices.
The smaller pay package mostly reflected a decline in Mr.
Tillerson's annual bonus and stock awards. The bonus declined to
$2.4 million from $3.7 million a year earlier, while the value of
stock awards fell to $18.3 million from $21.4 million. Those
declines were slightly offset by an increase in his salary to $3
million from $2.9 million in 2014.
During February the world's largest publicly traded oil company
reported that its fourth-quarter profit tumbled 58%, to the lowest
level since 2002, as the worst oil crash in decades hampered
drilling operations.
The Irving, Texas company also joined BP PLC and Chevron Corp.
in reporting losses or sharply lower profits for the fourth-quarter
and full-year of 2015.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
April 13, 2016 10:55 ET (14:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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