Exxon Mobil Corp. will award U.S. employees below-inflation pay increases in early 2022 despite a strong rebound in earnings over the past 12 months.
The oil giant will increase salaries by an average of 3.6% for those employees who performed with “merit,” according to a company document seen by Bloomberg. The highest average increases will be awarded to employees working in the so-called upstream division that drills for oil and natural gas, the document said, but all pay decisions will depend on individual performance.
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December 03, 2021 at 01:59AM
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Exxon Plans Below-Inflation U.S. Pay Raises Despite Banner Year - Bloomberg
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