Exxon's CEO 2013 Total Compensation Declines 30%

(RTTNews) - Oil and natural gas giant Exxon Mobil Corp. (XOM) said in a regulatory filing on Friday that its Chairman and Chief Executive Officer Rex Tillerson received a 2013 total compensation that was about 30 percent lower than last year, primarily due to 20-percent reduction in bonus and change in pension value.

Tillerson's 2013 total compensation declined 30% to $28.14 million from the prior year's $40.27 million.

Tillerson's total compensation package included $2.72 million in salary, a $3.67 million bonus, stock awards valued at $21.25 million and $496,704 in other benefits. The latest year's pay included no adjustments to his pension value or deferred compensation, items that totaled $13.04 million in 2012.

The actual annual change in pension value was negative in 2013 for Tillerson. However, SEC regulations do not allow for inclusion of negative pension amounts, the company said.