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Rex W. Tillerson was the Chairman and CEO of ExxonMobil from 2006 to 2016. He started working with the company back in 1975 and held various important roles throughout his career, like President of ExxonMobil Development Company. His leadership was...

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Rex W. Tillerson

Ex-CEO of Exxon Mobil

Education

Bachelor's degree in Civil Engineering from the University of Texas at Austin

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

March 23, 1952 - 73 years ago

CEO of Exxon Mobil for

10 years 11 months (Jan 2006 - Dec 2016)

Previous Experience

Joined Exxon in 1975, held various management positions including President of ExxonMobil Development Company.

Holdings

See how much did Rex W. Tillerson make over time.

Throughout his tenure, Rex W. Tillerson held significant shares in ExxonMobil, aligning his financial interests closely with the company's performance. His largest wealth was tied to performance shares totaling around $10 million in value during peak years. By 2016, he...

Mar 11, 2025

Total Stock Sold

$17.18M

XOM

$17.18M

197,307 XOM shares

What if they kept their stock?

If Rex W. Tillerson didn't sell their stock, today they would have:
Extra XOM197,307 shares worth $8.65M.
This is -49.64% and $8.53M less than what they got when they sold the stock.

Charitable Transactions

XOM

55,795 shares

XOM

Recent Charitable Transactions

XOM

25,300 shares

XOM

Nov 30, 2016

Charity

XOM

330 shares

XOM

Dec 9, 2015

Charity

XOM

265 shares

XOM

Dec 29, 2014

Charity

XOM

795 shares

XOM

Dec 18, 2013

Charity

XOM

825 shares

XOM

Dec 17, 2012

Charity

XOM

23,680 shares

XOM

Feb 1, 2012

Charity

Insider Trading

See recent insider trades of Rex W. Tillerson.

XOM

25,300 shares

XOM

Nov 30, 2016

Charity

XOM

225,000 shares

XOM

Nov 30, 2016

Received

XOM

330 shares

XOM

Dec 9, 2015

Charity

XOM

225,000 shares

XOM

Nov 24, 2015

Received

XOM

265 shares

XOM

Dec 29, 2014

Charity

XOM

225,000 shares

XOM

Nov 25, 2014

Received

XOM

795 shares

XOM

Dec 18, 2013

Charity

XOM

225,000 shares

XOM

Nov 26, 2013

Received

XOM

825 shares

XOM

Dec 17, 2012

Charity

XOM

225,000 shares

XOM

Nov 28, 2012

Received

Compensation History

See how much did Rex W. Tillerson make over time.

Rex Tillerson’s compensation as CEO of ExxonMobil varied significantly, peaking at over $40 million in 2012 and totaling more than $27 million in his final year. His package included a base salary that started at $1.5 million and steadily increased to over $3 million, reflecting his performance. The bulk of his earnings came from bonuses and vested stock, which were structured to reward strategic successes and align his goals with shareholder interests. Interestingly, he received no stock options since they were phased out in 2001. Instead, his compensation included long-term performance shares designed to vest upon achieving specific targets. This approach aimed to tie his earnings directly to the company's long-term achievements and operational success, setting a standard in executive pay practices in the industry.

Year

2016

Total Compensation

$16.95M

Salary

$3.17M

Board Justification

The compensation philosophy is designed to reward outstanding performance, promote retention, and encourage long-term business decisions that align with shareholder interests.

Bonus

$1.67M

Board Justification

The 2016 bonus was paid one-half in cash at the time of grant. The Company delays payment of the balance until cumulative earnings reach $6.50 per share. Delayed bonus amounts do not earn interest.

Other

$2.25M

Board Justification

Other compensation includes life insurance, savings plan contributions, personal security, and financial planning services.

Restricted Stock

$9.87M(112.5K Performance Shares)

Board Justification

In 2016, for Mr. Tillerson, restrictions lapsed on 50 percent of performance share awards that were granted in 2011.

Performance Metrics

The performance metrics for determining the CEO's compensation include industry-leading results across seven pre-established performance areas and metrics.