Darren Woods, CEO of ExxonMobil (XOM), earned $18.0M in total compensation in 2024. ExxonMobil receives a Pay-for-Performance grade of C (55/100), with a CEO-to-worker pay ratio of 150:1 and a say-on-pay shareholder approval of 92.6%. The company's 3-year total shareholder return is +2.1%.
How ExxonMobil CEO Pay Compares
Darren Woods's $18.0M total compensation is 50% above the Oil & Gas industry median of $12.0M. The 150:1 CEO-to-worker pay ratio is 40% higher than the industry average of 107:1.
Darren Woods's total compensation at ExxonMobil (XOM) ran $18.0M — comfortably in the upper bracket of U.S. public-company CEO pay. The package combines $1.8M in base salary with $9.0M in stock awards and $2.2M in option grants, plus performance-tied incentives.
The CEO-to-median-worker pay ratio is 150x, meaning Darren Woods's $18.0M total comp is roughly that many times the median $120,000 earned by ExxonMobil workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been muted across the three-year window: 2.1% TSR, -1.8% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Say-on-pay support was strong at 93%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. ExxonMobil operates in Oil & Gas with 62,000 employees and $344.6B in annual revenue, and currently carries a market capitalization of $470.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for ExxonMobil (XOM).
Compensation Breakdown
Darren Woods's $18.0M total compensation package for fiscal year 2024 includes $1.8M in base salary, $9.0M in stock awards, $2.2M in option awards, and $2.7M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2024 | $1.8M | - | $9.0M | $2.2M | $2.7M | $2.0M | $18.0M |
| 2023 | $1.7M | - | $8.6M | $2.1M | $2.6M | $1.9M | $17.1M |
| 2022 | $1.6M | - | $8.1M | $1.9M | $2.4M | $1.8M | $16.2M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Darren Woods, CEO of ExxonMobil (XOM), earns $18.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Darren Woods, CEO of ExxonMobil (XOM), earns $18.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
ExxonMobil has a Pay-for-Performance Score of C (55/100). The company's 3-year total shareholder return is +2.1%, and the say-on-pay shareholder vote passed with 92.6% approval.
The CEO-to-median-worker pay ratio at ExxonMobil is 150:1. The median worker at ExxonMobil earns $120K per year, while CEO Darren Woods earns $18.0M in total compensation.
ExxonMobil employs approximately 62,000 people. The company operates in the Oil & Gas industry within the Energy sector, generating $344.6B in annual revenue.