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Cheniere CEO compensation for 2013 doubles to $142 million

ZAIN SHAUK

HOUSTON, Texas (Bloomberg) -- Cheniere Energy, that’s never posted an annual profit, more than doubled the compensation of its CEO to $141.9 mn last year.

CEO Charif Souki’s 2013 compensation was one of the highest in corporate America, and more than five times that of Exxon Mobil CEO Rex Tillerson, who runs the world’s largest publicly traded energy company with a profit of $32.6 bn last year, according to summary compensation tables published in regulatory filings.

Tillerson received total 2013 compensation of $28.1 mn, while CEO John Watson of Chevron, earned $24 mn, according to the summary tables. All amounts include stock awards.

Last year, Souki’s total compensation included stock awards valued at $132.9 mn, according to a filing on April 28, 2014. His 2012 compensation of $57.5 mn included $49.2 mn in stock awards.

Cheniere, based in Houston, is set to become the first U.S. company to export LNG produced from the U.S. shale boom. Shares in the company have doubled over the past year, performing about five times better than the Standard & Poor’s 500 Index, and closed at $55.55 on April 28, 2014.

04/29/2014

 

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