Exxon's CEO compensation rises, Chevron's falls in 2013

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM) CEO Rex Tillerson received compensation worth $28.1M last year, a 3% Y/Y increase, according to an AP analysis of a company SEC filing.

Most of Tillerson's compensation was in the form of stock awards, which the company valued at $21.3M when they were granted.

However, compensation for Chevron's (CVX) John Watson tumbled 25% to $24M in 2013, including $15M in stock and options awards, according to an SEC filing.

XOM shares rose 17% and CVX gained 16% during 2013 in a strong stock market.