Exxon Mobil CEO to Get 10% Raise in Annual Base Salary

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Exxon Mobil ($NYSE:XOM) is an American multinational oil and gas corporation headquartered in Irving, Texas. On Monday, Exxon Mobil revealed that its compensation committee had approved a ~10% increase in CEO Darren Woods’ annual base salary, which will start at $1.875 million on January 1. This is up from the $1.7 million he was paid this year. In addition to his base salary, Woods will also be eligible for annual bonuses and long-term incentive payouts.

This salary increase comes as Exxon Mobil continues to face challenges. Despite these challenges, Exxon Mobil’s board of directors clearly has confidence in Woods and his ability to lead the company through these difficult times. His base salary increase is a reflection of that confidence.

Stock Price

However, on Monday, EXXON MOBIL stock opened at $110.7 and closed at $106.8, down by 2.7% from previous closing price of 109.9. The raise is seen as a positive move by the company to reward its CEO for his performance, but some investors are concerned about the impact it will have on the company’s share price. Exxon Mobil is one of the world’s largest oil and gas companies, and its share price is closely watched by investors. The company has been under pressure in recent years due to declining oil prices and rising costs.

The CEO’s raise is a sign that the company is confident in its future prospects. It is also a vote of confidence in the CEO’s ability to lead the company through challenging times. investors will be closely watching to see how Exxon Mobil’s stock price reacts in the coming days. Live Quote…

About the Company

VI Analysis

Exxon Mobil is a large, publicly traded oil and gas company with operations in countries around the world. The company has a strong balance sheet and a history of profitability. Based on the VI Risk Rating, Exxon Mobil is a low risk investment in terms of financial and business aspects. However, the VI App has detected 2 risk warnings in income sheet, balance sheet. Register with us to check it out. More…

VI Peers

The oil and gas industry is a highly competitive sector. The largest oil companies in the world, Exxon Mobil Corp, Chevron Corp, BP PLC, and Hess Corp, are all vying for market share. These companies have different strengths and weaknesses, and each is trying to outmaneuver the others in order to gain an advantage.

– Chevron Corp ($NYSE:CVX)

Chevron is an American energy company with a market cap of 313.46B as of 2022. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including exploration, production, refining, marketing, and transportation. Chevron also has interests in chemicals, mining, and power generation. Chevron’s return on equity was 16.97% as of 2022.

– BP PLC ($LSE:BP.)

HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, United Kingdom. It is the world’s fourth-largest bank by total assets and the largest in Europe with total assets of US$2.374 trillion. HSBC traces its origin to a hong in Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991. The last surviving member of the Hong Kong banking conglomerate, The Hongkong and Shanghai Banking Corporation Limited, was renamed HSBC Holdings plc in May 1999.

As of March 2018, HSBC is organized into four business groups: Commercial Banking, Global Banking and Markets, Retail Banking and Wealth Management, and HSBC Holdings. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange, and is a constituent of the Hang Seng Index and the UK FTSE 100 Index. As of 6 July 2012, it had a market capitalization of £102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the New York Stock Exchange, Euronext Paris, and the Bermuda Stock Exchange.

In 2015, HSBC was investigated by the US Senate for allegedly facilitating money laundering for drug cartels and terrorist groups. The allegations date back to 2002 and HSBC’s involvement with Mexican drug lord Osiel Cárdenas Guillén. On 11 December 2015, HSBC agreed to pay US$1.256 billion to settle the charges.

– Hess Corp ($NYSE:HES)

Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. Hess has a market cap of $37.9 billion as of 2022 and a return on equity of 29.47%. The company has a long history of success in the oil and gas industry, and its operations are primarily focused in the United States, the United Kingdom, Norway, Denmark, Malaysia, and Indonesia. Hess is committed to providing its shareholders with value through a combination of strong operating performance, disciplined capital management, and a commitment to sustainable development.

Summary

Exxon Mobil is one of the world’s largest publicly traded oil and gas companies. The company’s shares are traded on the New York Stock Exchange under the ticker symbol XOM. Exxon Mobil is a diversified energy company, with operations in upstream (exploration and production), downstream (refining and marketing), and chemical businesses. The company has a strong presence in many of the world’s major oil and gas producing regions, including the United States, Canada, Europe, Africa, Asia, and Australia.

Exxon Mobil is one of the few oil companies that has been able to consistently increase its production in recent years. Investors who are looking for a large, stable, and profitable oil company to invest in may want to consider Exxon Mobil. The company has a strong balance sheet, a diversified business, and a proven track record of increasing its production and reducing its costs.