Exxon paid Darren Woods $23.6M in 2021, up from $15.6M in the previous year, and awarded a $3.1M cash bonus, while Chevron paid Michael Wirth $22.6M last year, down from $29M in 2020, and added a $4.5M cash bonus.
Filings also showed Exxon investors will vote during the annual meeting scheduled for May 25 on seven shareholder proposals that include a call for the company to reduce emissions.
Exxon’s board advises investors to reject all seven shareholder proposals, according to the proxy statement.
Chevron also faces a series of shareholder votes on climate and emissions at its annual meeting, also planned for May 25; the company advises investors to vote against the proposals.
The disclosures came a day after a U.S. congressional panel grilled oil company executives, accusing them of price gouging at a time of high gasoline prices.