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Exxon Mobil boosted CEO pay to $17.5 million for 2017

Reuters  |  HOUSTON 

HOUSTON (Reuters) - Exxon Mobil Corp Chairman and Chief Executive Darren Woods's compensation package rose about 4 percent last year to $17.5 million, his first year running the world's largest publicly traded oil producer.The pay increase came as Exxon's profit more than doubled in 2017 thanks to rising crude oil prices and as the company launched or added to major expansions in Brazil, the United States and Guyana.Still, Woods has had to grapple with a string of operational mistakes made by his predecessor, former U.S. Secretary of State Rex Tillerson. Exxon's stock has fallen about 14 ...

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First Published: Thu, April 12 2018. 22:49 IST