Audio Webcast May 14, 2014 1:00 p.m. CT Before you cast your vote on Management Resolution Item 3 Advisory Vote to Approve Executive Compensation, please review the Executive Compensation Overview, as well as the more…
SHAREHOLDER ENGAGEMENT HEADLINES LONGTERM BUSINESS PERFORMANCE AND BASIS FOR COMPENSATION DECISIONS Agenda CEO COMPENSATION ANNUAL BONUS PROGRAM EQUITY INCENTIVE PROGRAM EXXONMOBIL PROGRAM VS. FORMULABASED PAY QUESTIONS AND…
Positive shareholder feedback was received on the following: The unique longterm orientation of the overall ExxonMobil compensation program. SHAREHOLDER Alignment with Business Model: Chart that illustrated how the equity…
Shareholders requested additional information on the following: Equity Program: Further explanation on the Compensation Committees determination that timevested restricted stock or restricted stock units with long vesting periods…
30percent reduction in CEO reported compensation. For the CEOs tenure from 2006 to 2013: Ranked 10 of 13 in cumulative realized compensation among compensation benchmark companies Ranked 8 of 13 in combined cumulative realized and…
Financial and Operating Performance Earnings of 32.6 billion in 2013, a 27percent decrease versus 2012. Fiveyear annual average of 33.7 billion SHORTTERM in earnings. BUSINESS PERFORMANCE Distributed 25.9 billion to…
Strategic Business Results Upstream Started up six major projects. Added 6.6 billion oilequivalent barrels of new resources. Achieved exploration discoveries totaling 1.5 billion LONGTERM oilequivalent barrels. BUSINESS Captured…
LongTerm Business Performance (1) Employee and contractor safety data from participating American Petroleum Institute companies (2013 industry data not available at time of publication). (2) XTO Energy Inc. data included beginning…
LongTerm Business Performance (4) Competitor data estimated on a consistent basis with ExxonMobil and based on public information; excludes impact of Gulf of Mexico spill and TNKBP divestment for BP. (5) Shareholder distributions…
LongTerm Business Performance (6) Annualized returns assuming dividends are reinvested when paid. (7) Royal Dutch Shell, BP, Chevron, and Total weighted by market capitalization. (8) AT&T, Boeing, Caterpillar, Chevron, Ford,…
CEO COMPENSATION (1) In 2013, the change in pension value was negative (6.24 million), but under SEC reporting rules, a negative change in pension value must be shown in the Summary Compensation Table as zero. This shows the impact…
CEO COMPENSATION (3) Reported pay values shown correspond to the companies with the highest, median, and lowest realized pay values. 13 EXXONMOBIL 2014 EXECUTIVE COMPENSATION OVERVIEW WEBINAR
CEO COMPENSATION R E A L I Z E D P A Y A N D U N R E A L I Z E D P A Y(1) ExxonMobil CEOs realized pay is below the compensation benchmark companies median for most of his tenure. ExxonMobil CEOs realized pay and…
ANNUAL BONUS PROGRAM Bonus Program Formula Performance Factors that Determine Annual Bonus 1. The bonus program is determined by annual earnings. 2. The bonus program differentiates for individual performance. 3. Half of…
EQUITY INCENTIVE PROGRAM Vesting / Restriction Period 75 percent of the CEOs reported compensation in 2013 is in restricted stock units with vesting periods far longer than most companies across all industries. Half of the annual…
SCALE AND SCOPE OF EXXONMOBIL (4) Financial data estimated based on publicly available information. Market capitalization is as of December 31, 2013. (5) Trailing twelve months (TTM); excludes excise taxes and other salesbased…
EXXONMOBIL PROGRAM VS. FORMULA-BASED PAY Potential Misalignment of FormulaBased Pay with LongTerm Shareholder Experience There is potential for an alternate formulabased program to result in unintended consequences including:…
EXXONMOBIL PROGRAM VS. FORMULA-BASED PAY Potential Misalignment of FormulaBased Pay with ExxonMobils Business Model Approximately 70 percent of cumulative stockbased awards granted over the illustrated time period for the…
EXXONMOBIL PROGRAM VS. FORMULA-BASED PAY Summary The Compensation Committee on multiple occasions has carefully analyzed alternative methods of granting stockbased awards and recognizing business performance and, for the reasons…
Vote FOR Item 3: Advisory Vote to Approve Executive Compensation ExxonMobils compensation program supports a business model that has weathered volatile commodity prices and industry business cycles for many years. Our…
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