ExxonMobil CEO's 2012 Compensation Up 15%

Exxon Mobil Corp. said Friday that Chief Executive Rex Tillerson's total compensation reached $40.2 million in 2012, up 15% from 2011.

Most of the increase was due to a change in pension value and other deferred compensation earnings, which rose to $13 million in 2012 from $9.8 million in 2011, the company said in a proxy report to shareholders.

Mr. Tillerson's salary rose slightly to $2.56 million in 2012 from $2.38 million in 2011. His bonus saw a slight bump to $4.58 million from $4.368 million.

Stock awards for Mr. Tillerson rose to $19.62 million from $17.89 million in 2011.

Exxon, based in Irving, Texas, is the largest publicly traded oil company in the U.S.

Copyright (c) 2012 Dow Jones & Company, Inc.


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