Saturday, August 31, 2019

Irving, Texas-Based Exxon Mobil's Top-Tier Executives Average Pay Raise Was an Exceptionally Clean, Very Modest 1.2% Per Year During the Past Ten Years (2009-2018). Business Roundtable CEOs and Their Boards of Directors Might Be Able To Learn Much From Exxon Mobil's Avoidance of Grade Inflation in Evaluating the Performance of Its Top-Tier Executives in the Past Ten Years. On the Other Hand, Exxon Mobil's Top-Tier Executives Average Pay Raise Was a Blistering 35.0% Per Year During the Entire Two Terms of the George Bush/Dick Cheney Presidency (2001-2008)..

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows Exxon Mobil's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the past ten years.
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Exxon Mobil 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Woods CEO     18,778     17,466     17,466     16,847     16,847     10,295  N/A   N/A 
Swigger PFO     12,069     11,216     11,216     15,557     15,557     14,902     14,902     16,135     16,135     12,259
Duffin President Production Company       7,789       7,880  N/A   N/A 
Albers SVP     11,231     15,833     15,833     14,696     14,696     16,155     16,155     11,658
Dolan SVP     11,315     15,646         15,646     14,750     14,750     16,050     16,050     13,916
Tillerson CEO     27,394     27,297     27,297     33,096     33,096     28,138
Pryor President Chemical Company     11,682     10,030
 Totals      38,636     36,562     51,228     63,883     91,277     81,940     71,645     81,436     93,118     76,001
Annual % Change vs Prior Year 5.7% -19.8% 11.4% -12.0% 22.5%
5 Year Average Per Year % Change 1.6%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Exxon Mobil 2013 2012 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Swigger PFO     12,259     17,848  N/A   N/A 
Albers SVP     11,658     18,385     18,385     13,637  N/A   N/A 
Dolan SVP     13,916     20,063     20,063     15,207     15,207     11,557     11,557       9,695  N/A   N/A 
Tillerson CEO     28,138     40,267     40,267     34,921     34,921     28,953     28,953     27,168     27,168     32,211
Pryor President Chemical Company     10,030     14,150     14,150     10,944     10,944       8,807       8,807     10,557     10,557     12,557
Humphreys PFO     21,800     18,486     18,486     13,564     13,564     11,871     11,871     16,307
Cramer President Fuels Marketing Company       9,184     10,363     10,363     11,915
Totals     76,001   110,713   114,665     93,195     79,558     62,881     72,065     69,654     59,959     72,990
 Totals  -31.4% 23.0% 26.5% 3.5% -17.9%
5 Year Average Per Year % Change 0.8%
10 Year Average Per Year % Change 1.2%

Also from annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows Exxon Mobil's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the entire two Presidential terms of the George Bush/Dick Cheney Presidency.  For 2006 and 2005, the numbers disclosed are not prepared on a consistent basis and thus not comparable, therefore I excluded them.
Exxon Mobil Top Executives Compensation During the Bush/Cheney Years

FYEFYEFYEFYEFYEFYEFYEFYEFYEFYEFYEFYEFYEFYEFYEFYE
2008200720072006200620052005200420042003200320022002200120012000
Top TierTotalTotalTotalTotalTotalTotalTotalTotalTotalTotalTotalTotalTotalTotalTotalTotal
ExecutivesCompCompCompCompCompCompCompCompCompCompCompCompCompCompCompComp
000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s $
Tillerson     32,211    27,172    16,727    13,009 N/A  N/A     13,038     9,279     9,279      5,716      5,716     5,083     5,060      1,355 N/A  N/A 
Humphreys    16,307    14,608       9,117      7,150 N/A  N/A  N/A  N/A                
Cramer      11,915     11,484     8,420     7,207 N/A  N/A  N/A  N/A 
Simon    15,034     8,580 N/A  N/A      9,574     6,579     6,579      4,501      4,501      3,841 N/A  N/A 
McGill N/A  N/A      9,643     7,426     7,426     4,479     4,479     3,867 N/A  N/A 
Raymond   48,924   38,076   38,076    27,861   27,863   25,889   25,825    14,668    14,673    17,382
Longwell    14,540    10,404    10,404     9,573     9,564     3,422     3,422     3,866
Thompson     4,994     4,524     4,524      1,792      1,792      1,949
Koonce     4,546      1,820      1,820      2,158
Sanders     3,987       1,541       1,541       1,713
Dahan     2,678     3,866
Galante    10,359       8,112       8,112     5,833     5,833     5,064     5,056      1,374 N/A  N/A 
Totals   60,433   53,264   49,298   35,946 N/A  N/A     91,538   69,472    84,012   58,794   63,790    57,841   58,562   25,972   25,926   30,934
Annual % Change13.5%37.1%N/A31.8%42.9%10.3%125.5%-16.2%
7 Year Avg Per Year % Change
35.0%

It should be interesting to see how other Texas large Oil& Gas Companies stack up with Exxon Mobil on Top-Tier Executives Pay Raises per year over the long-term.






Posted by at