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

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12/04/2012 | 07:22pm CET

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)

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Financials ($)
Sales 2017 304 427 M
EBIT 2017 27 281 M
Net income 2017 17 358 M
Debt 2017 34 605 M
Yield 2017 3,73%
P/E ratio 2017 19,63
P/E ratio 2018 16,28
EV / Sales 2017 1,23x
EV / Sales 2018 1,15x
Capitalization 339 034 M
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Mean consensus HOLD
Number of Analysts 26
Average target price 88,6 $
Spread / Average Target 8,3%
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NameTitle
Darren W. Woods Chairman, President & Chief Executive Officer
Andrew P. Swiger Principal Financial Officer & Senior VP
Michael J. Boskin Independent Director
Samuel J. Palmisano Independent Director
Steven S. Reinemund Independent Director
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