Darren Woods Net Worth

Net Worth: $80 Million

Darren Woods, the CEO of ExxonMobil, has an estimated net worth of $80 million. His wealth primarily stems from his successful career in the oil and gas industry.

Highlights

• Darren Woods has a net worth of $80 million.
• He earns an annual salary of around $20 million as the CEO of ExxonMobil.
• Woods owns approximately 830,000 shares of Exxon, valued at around $35 million.
• He joined Exxon in 1992 and worked his way up to become CEO in January 2017.
• Woods holds a degree from Texas A&M University and an MBA from Northwestern University.
• He has publicly endorsed the Paris climate accord and refuted the “Peak Oil myth”.

Early Life

Darren Woods was born in Wichita, Kansas. His exact birthdate is not provided in the available information. He attended Texas A&M University, where he likely developed a strong foundation in business and management. Woods later pursued higher education and obtained his MBA from Northwestern University.

Career

Darren Woods’ journey with ExxonMobil began in 1992. Over the course of 24 years, he showcased his dedication and expertise, eventually leading to his promotion as CEO in January 2017. Before assuming the role of CEO and chairman, Woods played significant roles in Exxon’s chemical and refining divisions. His contributions to the oil side of the business have been noteworthy.

Under Woods’ leadership, ExxonMobil has achieved remarkable financial success. The company posted a revenue of $279.3 billion in 2018 and continues to be one of the leading players in the oil and gas industry. With over 70,000 employees, ExxonMobil’s influence extends globally.

Personal Life

While information about Darren Woods’ personal life is scarce, his endorsement of the Paris climate accord showcases his concern for environmental issues. Woods has acknowledged the positive impact of hydraulic fracturing and horizontal drilling, emphasizing how they dismantle the concept of “Peak Oil”. His commitment to addressing climate change and advancing sustainable practices within the industry aligns with global efforts.

Net Worth Over Time

Darren Woods’ net worth has steadily grown throughout his career. In 2018, his estimated net worth was $18 million, which increased to $80 million by the time of this article. Woods’ annual salary as CEO of ExxonMobil is approximately $20 million, with a base salary of $2.2 million.

Furthermore, Woods holds around 830,000 shares of Exxon, which are valued at approximately $35 million. These shares contribute significantly to his overall net worth and reflect his stake in the company’s success.

Components of Net Worth

Darren Woods’ net worth consists of various components, including:

1. Annual Salary: As CEO of ExxonMobil, Woods earns a substantial annual salary of approximately $20 million, which includes a base salary of $2.2 million.
2. Shares: Woods owns approximately 830,000 shares of Exxon. The value of these shares, approximately $35 million, significantly contributes to his net worth.
3. Pension Benefits: In addition to his salary and shares, Woods also receives pension benefits. In 2019, $7 million of his total earnings of $23.5 million came from these benefits.
4. Bonus and Stock Awards: The remainder of Woods’ earnings are composed of bonuses and stock awards, which are granted based on his performance and the company’s overall success.

In conclusion, Darren Woods has amassed a significant net worth of $80 million through his successful career as the CEO of ExxonMobil. His dedication to the industry, along with his leadership and expertise, has been instrumental in the company’s financial growth. With his impressive net worth and influential position, Darren Woods continues to be a prominent figure in the business world.

Dive into the world of luxury with this video!