Exxon’s profits are falling, but CEO Darren Woods’ compensation rose last year

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Oil-and-gas behemoth ExxonMobil announced disappointing financial results on Friday that led to a quick stock price drop of more than 3%. Earnings in the first quarter were about 28% lower than the same period last year: $8.2 billion compared to $11.6 billion, the company announced. CEO and chairman Darren Woods said the results could be attributed to a mix of non-cash tax…

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