Exxon CEO's 2012 compensation at $40.2 million, up 15% from 2011

4/14/2013

Exxon CEO's 2012 compensation at $40.2 million, up 15% from 2011

BY ANGEL GONZALEZ

DALLAS -- Exxon Mobil said that CEO Rex Tillerson's total compensation reached $40.2 million in 2012, up 15% from 2011.

Most of the increase was due to a change in pension value and other deferred compensation earnings, which rose to $13 million in 2012 from $9.8 million in 2011, the company said in a proxy report to shareholders.

Mr. Tillerson's salary rose slightly to $2.56 million in 2012 from $2.38 million in 2011. His bonus saw a slight bump to $4.58 million from $4.368 million. Stock awards for Mr. Tillerson rose to $19.62 million from $17.89 million in 2011.

Dow Jones Newswires

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