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Exxon CEO Woods Compensation Rose 19% in 2024

Business & Policy
April 7, 2025

April 7 (Reuters) – Exxon Mobil CEO Darren Woods’ pay package for 2024 rose 19.3% to $44.1 million, a regulatory filing by the U.S. oil major on Monday showed.

Woods’ base salary was about $1.96 million, with the majority of his pay package based on variable factors, including a $4.5 million bonus and $26.8 million in stock-based awards.

According to a regulatory filing, Woods’ pay package is about 231 times the average compensation of $190,266 received by the oil major’s workers.

The median annual compensation for Exxon employees increased by 2.6%, compared to 2023.

Meanwhile, Chevron’s CEO Michael Wirth saw total compensation increase by 23.4% to $32.7 million in 2024.