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April 11, 2014 AT 9:59 AM
An Associated Press analysis of a regulatory filing shows the CEO of Exxon Mobil received compensation worth $28.1 million last year, a 3 percent increase over the previous year. Most of Rex W. Tillerson's compensation was in the form of stock awards, which the largest U.S. oil company valued at $21.3 million when they were granted. His overall compensation for 2013 was up from $27.2 million in 2012, under The AP's calculation. The calculation excluded changes in the present value of Tillerson's pension benefits.