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

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.

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Comments (2)
  • Patient Value
    , contributor
    Comments (103) | Send Message
    Even at the 25% decrease, he still made $46 in every minute of last year. Not bad.
    12 Apr 2014, 03:18 AM Reply Like
  • positivethoughts
    , contributor
    Comments (2065) | Send Message
    Executives deciding their peers pay and compensation? If that is the best m.o., why not have secretaries decide their peers pay and compensation levels?
    12 Apr 2014, 08:31 PM Reply Like
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