Exxon chief’s pay jumps 52pc after oil boom

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Exxon chief’s pay jumps 52pc after oil boom
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ExxonMobil chief executive Darren Woods received a 52 per cent pay increase in 2022.

| ExxonMobil chief executive Darren Woods received a 52 per cent pay increase in 2022, making his total compensation higher than the CEOs of Goldman Sachs and JPMorgan Chase.

Darren Woods said Exxon’s aggressive capital spending before and during the pandemic were crucial in keeping markets supplied with energy.The increase comes at a time when traditionally high-paying companies in finance and tech are holding steady or even reducing compensation after a tough year for markets. By comparison, Chevron CEO Mike Wirth’s total compensation climbed just 4 per cent in 2022 to $US23.6 million, while JPMorgan’s Jamie Dimon and Goldman’s David Solomon received $US34.

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