Trump repeats jibes at Canada and Greenland after Trudeau's resignation    North Korea says new hypersonic missile will 'contain' rivals    Russia claims capture of Ukrainian front-line town    Five dead as huge winter storm grips swathe of US    Rabigh waterspout declared the strongest of its kind    67% surge in commercial registrations in 4Q 2024    Heavy rain hits Makkah, Madinah and Jeddah Al-Shafiyah in Madinah and Al-Basateen in Jeddah record highest rate of rainfall    Saudi FM and U.S. envoy to Lebanon discuss regional issues    PIF announces $7 billion inaugural Murabaha Credit Facility    Golden Globes 2025: France's 'Emilia Pérez' wins big, as 'The Brutalist' nabs major awards    Alabama nursing student wins Miss America 2025    New York first US city to have congestion charge    Demi Moore continues comeback with Golden Globe win    Dakar and CATRION team up to elevate catering experience at Dakar Rally Saudi Arabia 2025    Projected funding needs for 2025 estimated at SR139 billion as per annual borrowing plan    Bahrain stage dramatic comeback to defeat Oman and claim Khaleeji Zain 26 title    Elon Musk confirms Starlink application to launch internet services in Pakistan    AC Milan beats Juventus 2-1 to reach Supercoppa final against Inter    Ronaldo eyes AFC Champions League glory with Al Nassr    Meghan announces new Netflix lifestyle show    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Exxon CEO's compensation rises 3 percent to $28.1M
Published in Saudi Press Agency on 11 - 04 - 2014

The CEO of Exxon Mobil Corp. received compensation worth $28.1 million last year, a 3 percent increase over the previous year, according to an Associated Press analysis of a company regulatory filing, AP reported.
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.
Tillerson, 62, received a salary of $2.7 million, a 6 percent increase from a year ago, plus a cash bonus of nearly $3.7 million, which was down 20 percent because Exxon's earnings fell compared with 2012, the company said.
The value of Tillerson's stock awards increased $1.6 million, or 8 percent, from 2012, because of a rise in the company's share price. He received other compensation valued at $496,704. The biggest items in that miscellaneous category were $190,190 in matching contributions to a retirement plan and $177,140 for personal security.
Exxon earned $32.6 billion last year, a decrease of 27 percent from 2012, which was the company's second-best year ever, helped by high and rising oil prices. Exxon Mobil shares, however, rose 17 percent in a strong stock market during 2013. Through Thursday's close, they were down 4 percent in 2014.
Exxon produces oil around the world and is also the biggest producer of natural gas in the United States since it bought XTO Energy in 2010, a deal that hasn't lived up to expectations because of low gas prices. Tillerson, who also serves as chairman, has led the Irving-based company since 2006.
-- SPA
21:59 LOCAL TIME 18:59 GMT
تغريد


Clic here to read the story from its source.