ExxonMobil’s chief executive collected a pay packet last year worth almost four times that of bosses at rivals BP and Shell, underlining the vast disparity between European and US remuneration in the booming oil sector.
Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday. That was $1mn more than the previous year.
His remuneration compares with the $26.5mn paid to Mike Wirth, boss of rival US supermajor Chevron, which was a $3mn increase on the previous year.
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