FREQUENTLY USED
TERMS
Please also read the footnotes on page 42 for additional definitions of terms we use and other important information.
Performance Share Program
is the terminology used to describe our equity program to better reflect the strong connection between performance and pay.
Compensation Benchmark Companies
consist of AT&T, Boeing, Chevron, Ford, General Electric, General Motors, IBM, Johnson & Johnson, Pfizer,
Procter & Gamble, United Technologies, and Verizon. These are the same companies noted in the 2018 Proxy Statement. For consistency, CEO compensation on page 40, in the Combined Realized and Unrealized Pay chart, is based on compensation as
disclosed in the Summary Compensation Table of the proxy statements as of July 31, 2018.
Reported Pay
is Total Compensation reported in the Summary
Compensation Table.
Realized Pay
is compensation actually received by the CEO during the year, including salary, current bonus, payouts of previously granted
earnings bonus units (EBU), net spread on stock option exercises, market value at vesting of previously granted stock-based awards, and All Other Compensation amounts realized during the year. It excludes unvested grants, change in pension value,
and other amounts that will not actually be received until a future date. Amounts for compensation benchmark companies include salary, bonus, payouts of
non-equity
incentive plan compensation, and All Other
Compensation as reported in the Summary Compensation Table, plus value realized on option exercise or stock vesting as reported in the Option Exercises and Stock Vested table. It excludes unvested grants, change in pension value, and other amounts
that will not actually be received until a future date, as well as any retirement-related payouts from pension or nonqualified compensation plans.
Unrealized
Pay
is calculated on a different basis than the grant date fair value of awards used in the Summary Compensation Table. Unrealized Pay includes the value based on each compensation benchmark companys closing stock price at fiscal
year-end
2017 of unvested restricted stock awards; unvested long-term share- and cash-performance awards, valued at target levels; and the in the money value of unexercised stock options (both vested and
unvested). If a CEO retired during the period, outstanding equity is included assuming that unvested awards, as of the retirement date, continued to vest pursuant to the original terms of the award.
Cash Flow from Operations and Asset Sales
is the sum of the net cash provided by operating activities and proceeds associated with sales of subsidiaries, property,
plant and equipment, and sales and returns of investments from the Summary Statement of Cash Flows. For additional information, see page 41 of the
Summary Annual Report
included with the Corporations 2019 Proxy Statement.
Return on Average Capital Employed
(ROCE) for the Corporation is net income attributable to ExxonMobil excluding the
after-tax
cost of financing, divided by total corporate average capital employed. For this purpose, capital employed means the Corporations net share of property, plant and equipment, and other assets
less liabilities, excluding both short-term and long-term debt. For additional information, see pages 40 and 41 of the
Summary Annual Report
included with the Corporations 2019 Proxy Statement.
Total Shareholder Return
(TSR) measures the change in value of an investment in stock over a specified period of time, assuming dividend reinvestment. TSR is
subject to many different variables, including factors beyond the control of management. For additional information, see page 40 of the
Summary Annual Report
included with the Corporations 2019 Proxy Statement.
Statements regarding future events or conditions are forward-looking statements.
Actual future results, including project plans, schedules, and
results, as well as the impact of compensation incentives, could differ materially due to: changes in oil and gas prices and other market factors affecting our industry; the outcome of exploration and development projects; timely completion of
production and construction projects; technical or operating conditions; the outcome of commercial negotiations; political and regulatory factors including changes in environmental and tax laws; and other factors described in Item 1A Risk Factors in
our most recent Form
10-K.
The term project can refer to a variety of different activities and does not
necessarily have the same meaning as in any government payment transparency reports.
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2019 Proxy Statement
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