Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Exxon Mobil Corporation    XOM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Exxon Mobil Corporation : Exxon CEO Tillerson to see bonus, salary go higher

12/04/2012 | 01:22pm US/Eastern

(Reuters) - 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.

(Reporting By Anna Driver; Editing by Gerald E. McCormick)

React to this article
Latest news on EXXON MOBIL CORPORATION
06:33a EXXON MOBIL : Terry Collingsworth: the globe-trotting human rights lawyer taking..
09/02DJShell, Exxon Must Pay Groningen Quake Compensation
09/02DJShell, Exxon Ordered to Pay Groningen Earthquake Compensation
09/02 EXXON MOBIL : GUYANA-POLITICS-President Granger and Opposition leader Bharat Jag..
09/01DJMARKET SNAPSHOT : U.S. Stocks Suffer 3rd-worst Drop Of Year On Weak China Data
09/01 Wall St. turbulence returns as weak China data magnifies fear
09/01DJMARKET SNAPSHOT : Dow Sinks Over 400 Points As Weak China Data Batter U.S. Stock..
09/01DJMARKET SNAPSHOT : Dow Sinks Over 400 Points As Weak China Data Batter U.S. Stock..
09/01 EXXON MOBIL : Texas regulator clears oil and gas company of causing quakes
09/01DJMARKET SNAPSHOT : Dow Sinks Over 400 Points As Weak China Data Batter U.S. Stock..
Advertisement
Chart
Duration : Period :
Exxon Mobil Corporation Technical Analysis Chart | XOM | US30231G1022 | 4-Traders
Income Statement Evolution
More Financials