Exxon CEO’s 52% Raise Makes His Pay Higher Than Dimon or Solomon

Exxon Mobil Corp. Chief Executive Officer Darren Woods received a 52% pay increase in 2022, making his total compensation higher than the CEOs of Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Woods’s pay totaled $35.9 million last year, driven mostly by stock awards, part of nearly $120 million shared between the oil giant’s five top executives, according to the company’s proxy filing published Thursday. Woods also received a 10% increase in his 2023 salary, raising it to $1.9 million.

The increase comes at a time when traditionally high-paying companies in finance and tech are holding steady ...