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  • United Nations Briefing: Big Oil Lost Big Money Last Year and Laid Off Thousands. Most Oil Ceos Got Raises

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    Big Oil companies lost a significant amount of money and laid off thousands of employees last year due to a sharp drop in oil prices. However, most oil company CEOs still received raises despite the losses, which has caused controversy between the government and major oil businesses. While some CEO total compensation packages decreased with falling stock prices, most saw raises including the CEO of Exxon Mobil whose salary increased 6% despite an 18% drop in his total pay package from the prior year.

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    Big Oil companies lost a significant amount of money and laid off thousands of employees last year due to a sharp drop in oil prices. However, most oil company CEOs still received raises despite the losses, which has caused controversy between the government and major oil businesses. While some CEO total compensation packages decreased with falling stock prices, most saw raises including the CEO of Exxon Mobil whose salary increased 6% despite an 18% drop in his total pay package from the prior year.

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    35 views1 page

    United Nations Briefing: Big Oil Lost Big Money Last Year and Laid Off Thousands. Most Oil Ceos Got Raises

    Uploaded by

    api-307032467
    Big Oil companies lost a significant amount of money and laid off thousands of employees last year due to a sharp drop in oil prices. However, most oil company CEOs still received raises despite the losses, which has caused controversy between the government and major oil businesses. While some CEO total compensation packages decreased with falling stock prices, most saw raises including the CEO of Exxon Mobil whose salary increased 6% despite an 18% drop in his total pay package from the prior year.

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    © All Rights Reserved
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    of 1

    Issue

    United Nations
    Briefing
    Big Oil lost big money last year and laid off
    thousands. Most oil CEOs got raises.
    A year ago was entirely severe

    caused endless controversy in

    for oil organizations, with the

    between the government, and

    sharp drop in oil costs slicing

    all major oil businesses.

    about $200 billion in securities


    exchange esteem from the
    biggest open vitality firms. In
    any case, most CEOs got a
    raise in any case, The Wall
    Street Journal notes, regardless
    of the possibility that some of
    their aggregate remuneration
    bundles shrank alongside their
    organization's offer costs. At
    Exxon Mobil, for example,
    chief executive Rex Tillerson's
    salary rose 6 percent, to $3
    million, while his total pay
    package dropped 18 percent,
    to $27.3 million. This has

    Author: Ricardo Gonzalez


    Committee:

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