The top U.S. oil company, Reuters -- Exxon Mobil Corp, will raise its annual salaries for the next year, the top U.S. oil company said on Monday.
The compensation committee of Exxon Mobil approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70 million paid this year, it said in a filing on Monday.
The pay of the chief financial officer and senior vice presidents was raised. The pay hikes come barely a month after the oil major posted record quarterly profits as Russia's sanctions sent crude and gas prices skyrocketed this year.
The oil industry's windfall profit this year attracted attention from even U.S. President Joe Biden, who has accused Exxon of war profiteering, and said earlier this year that Exxon was making more money than God. The president has repeatedly called on US oil and gas companies to use their record profits to increase production and reduce pump prices for Americans.