Exxon Mobil Benefits from Countercyclical Investments Delivering Record Annual Profit

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  • #49008
    TradersCom
    Keymaster

    Exxon boosts U.S. worker pay as profit reaches record high

    ExxonMobil said Wednesday it will award above-inflation pay increases to its U.S. employees in the company’s biggest salary award in the aggregate since 2015.

    Workers will receive an average 9% salary increase, and those who got promoted will see an additional 5% bump, according to a Bloomberg report.

    The company also will give restricted stock options to 14K employees globally, more than 20% of its total workforce and up from 5K last year.

    Pay at Exxon (XOM) is heavily influenced by where an employee rates in the company’s performance evaluation system, with some top performers who got promoted receiving raises of 15%-25%, Bloomberg said.

    Exxon (XOM) disclosed earlier this week that it had rewarded top executives including CEO Darren Woods with a 10% salary boost.

    #49108
    TradersCom
    Keymaster

    Big Weekly close for Exxon Mobil stock

    $XOM closed at 103.54 under the Tenkan 105.71 in the sphere of resistance. support is the 7/8 and Kijun (pink)

    Keep an eye on these levels with influence on $XLE & $SPX

    #51331
    TradersCom
    Keymaster

    ExxonMobil $XOM to start up Beaumont, TX refinery 250KBpd expansion by Jan. 31 via Reuters

    #46650
    ThePitBoss
    Participant

    Energy giant ExxonMobil, the largest U.S. oil company, reported better than expected fourth-quarter earnings Tuesday but revenue fell short of estimat
    [See the full post at: Exxon Mobil Benefits from Countercyclical Investments Delivering Record Annual Profit]

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