ExxonMobil CEO Darren Woods’ total annual salary was $36 million in 2022, up 52% from 2021 and doubling from 2020. Information about this press service of the company published on your site
Additionally, Woods received $6.4 million in cash bonuses and $13.5 million in corporate securities in 2022.
In 2022, most oil and gas companies managed to significantly increase their revenue and profits due to the rise in global oil prices. ExxonMobil reported a record net profit of $55.7 billion last year, more than double the 2021 figure. American energy company Chevron, French oil and gas company TotalEnergies, British oil and gas companies Shell and BP also increased their profits. Together with ExxonMobil, the combined profits of these businesses in 2022 reached $200 billion.
Last week, The Wall Street Journal, citing sources WroteThat ExxonMobil has canceled its major deep-water project off the coast of Brazil due to commercial impracticality.
In the first half of February, the American electronic device developer and manufacturer Intel abbreviated salaries of ordinary employees and management.