Exxon CEO Tillerson to See Bonus, Salary Increase

The chief executive officer of Exxon Mobil Corp, the world's largest publicly traded oil company, will take home a higher salary next year and his bonus increases 5 percent.

The Irving, Texas, company's board of directors awarded Rex Tillerson, the company's chairman and CEO, a bonus of $4.59 million, up from $4.37 million last year, a filing Tuesday with the U.S. Securities and Exchange Commission showed.

Tillerson's salary will rise 5 percent to $2.71 million effective January 1.

The CEO will receive about half the bonus in cash by the end of this year, while the payout of the balance is linked to the company's earnings, the filing said.

Tillerson was also granted 225,000 shares of restricted stock, the same amount as last year.

So far this year, Exxon's shares have risen 3 percent. The company's shares were down 24 cents, or 0.3 percent, to $87.37 in afternoon trading on the New York Stock Exchange.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sales Representative - San Antonio Area
Expertise: Business Development|Operations Management|Sales
Location: 78211
 
Area Administrator
Expertise: Accounting|Business Analyst|Financial Analyst
Location: Denver, CO
 
Senior Accountant Job
Expertise: Accounting|Budget / Cost Control|Financial Analyst
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $49.92/BBL 0.50%
Light Crude Oil : $47.64/BBL 0.65%
Natural Gas : $2.87/MMBtu 0.70%
Updated in last 24 hours