Darren Woods Net Worth, Salary, Current Holdings, Lifestyle & More

Darren Woods is one of the most successful and influential figures in the global oil and gas industry. As the CEO of Exxon Mobil Corp, America’s largest oil and gas corporation, Woods’s career is not short of inspiration. His decision-making abilities and prominent acquisitions have led the company to achieve new heights. 

Being one of the top executives of Exxon Mobil Corp, Darren has accumulated a substantial net worth. Even his current salary exceeds $20,000,000 annually. That’s not all! There are many more surprising facts about Darren Woods you should definitely know. 

So, what exactly is Darren Woods’ net worth? How much does he earn? If you’re finding answers to these questions, then you’re at the right place. In this interesting write-up, we will explore some interesting yet surprising facts about Darren Woods, including his net worth, salary, lifestyle, personal information, and more. 

Quick Facts About Darren Woods

Darren Woods Education and Early Life

Born in Wichita, Kansas, in 1964, Woods completed his schooling at a local school in the city. Since his childhood, Woods wanted to become a successful businessman. After high school, he went to Texas A&M University for a bachelor’s degree in electrical engineering. He then enrolled in Northwestern University’s Kellogg School of Management for an MBA. 

After post-graduation, Woods took up various entry-level roles in several companies before joining Exxon Mobil Corp in 1992. After nearly 25 years, he was appointed the company’s CEO, preceded by Rex W. Tillerson. 

Darren Woods Career Journey and Timeline

In 1992, Darren became a part of Exxon Corp. He spent 24 years working for Exxon before he was appointed as CEO after President Donald Trump chose Rex Tillerson to be the next United States Secretary of State.

Before he took the role of CEO, Woods was in charge of the refining and chemical divisions of the company, which contributed to most of ExxonMobil’s $7.8 billion net income in 2016.

At a meeting with investors in New York in 2017, Woods presented his growth plan, which involved drilling in the Permian Basin of Texas and New Mexico and the Bakken shale formation in North Dakota. 

In May 2017, Woods sent a personal letter to President Trump to persuade him that the U.S. should stay in the agreement. He says that by staying in the accords, the U.S. will have a voice in the discussion to “ensure a level playing field” and support “the most cost-effective greenhouse gas reduction options”.

In 2022, Woods was listed as one of the US’ top ‘climate villains’ by The Guardian after “Exxon lobbyists were caught on video revealing the company’s efforts to block climate legislation in Congress.”

On December 8, 2023, Woods went to the Chemical Marketing & Economics gala in New York City to receive a “STEM leadership award” for “using the power of chemistry to improve humanity”.

Controversies 

In 2021, Woods rejected the claim that Exxon had hidden its own research about Big Oil’s impact on the climate crisis. The chair of the Congressional committee questioning Woods compared Woods’ rejection to the long-lasting lies by the American tobacco industry denying that nicotine is addictive. Woods also refused to promise to stop lobbying against climate initiatives.

Current Positions of Darren Woods

Darren Woods Wife and Kids

Darren Woods’ wife is Kathryn Woods. Despite being a wife to America’s prominent businessman, Kathryn loves to keep herself away from the limelight. She completed her bachelor’s degree in accounting from Texas A&M University in 1987. 

She has very few appearances in the media. Talking about Darren Woods children, the couple has three kids. Just like their mother, they also kept their personal life private. 

Darren Woods Salary and Other Sources of Income

According to the company’s regulatory filings, Darren Woods’ total compensation in 2023 was $33,402,868. His salary was $1,703,000, and he also received $24,939,000 in stock awards and $6,382,000 as bonus.

Darren Woods Net Worth in 2024

According to various sources, Darren Woods’ net worth as of 2024 is estimated to be around $126 million. His net worth mainly comes from his compensation and stock awards from EXXON MOBIL CORP, where he earned $33,402,868 in 2023.

Darren Woods Current Holdings

10 Surprising Facts About Darren Woods

• Darren Woods has been serving as CEO and chairman of ExxonMobil since January 1, 2017.
• He has a bachelor’s degree in electrical engineering from Texas A&M University and an MBA from Northwestern University’s Kellogg School of Management.
• He joined Exxon Corp in 1992 as a planning analyst and rose through the ranks to become the vice president of Exxon Mobil Corporation in 2012.
• He is a veteran of the refining and chemical divisions of ExxonMobil which increased its net income to $7.8 billion in 2016.
• He has publicly endorsed the Paris Climate Accord and wrote a personal letter to President Trump to urge him to stay in the agreement. 
• He outlined his growth plan to invest in the Permian Basin and the Bakken shale formation.
• Darren Woods is one of the highest-paid CEOs in the U.S., with a salary of over $20 million per year.
• He is married to Kathryn Woods, and they have three children. He lives in Irving, Texas, where ExxonMobil’s headquarters are located.
• He is an avid golfer and a member of the prestigious Augusta National Golf Club, which hosts the Masters Tournament every year.
• He never brings work home with him and prefers to spend his free time with his family. He says he has a “very clear line” between his work and personal life.

Popular Quotes by Darren Woods

“The CEOs of both companies are committed to lowering The CEOs of both companies emissions.”

“The world has been very well served with low tariffs and free trade.”

“I’m real confident on where we stand. I hope whoever comes in steps back and takes an objective look … and comes to a different conclusion.”

“These jobs will have a multiplier effect, creating many more jobs in the communities that service these new investments, these jobs will have a multiplier effect, creating many more jobs in the community that service these new investments.”

“My personal style is I think a constructive conversation is good, it’s healthy.”

“I don’t mind being challenged on what we’re doing and why we’re doing it.”

“I think that’s certainly something that I owe to particularly my shareholders. If they’ve got legitimate concerns, then I want to give them the legitimate answers.”

FAQs

How Old is Darren Woods?

Darren Woods is 58 years old, as he was born in 1964. 

How much is the CEO of Exxon Worth?

The CEO of Exxon is worth about $126 million, according to Forbes. 

Who is the CEO of Mobil?

The CEO of Mobil is Darren Woods. 

How much does Darren Woods Make?

Darren Woods makes more than $20 million per year as the chairman and CEO of ExxonMobil. 

Who is Darren Woods Wife?

Darren Woods’ wife is Kathryn Woods, who is a board member of the Houston Grand Opera. 

Where does Darren Woods Live?

Darren Woods’ house is in Texas, near the Exxon Mobil headquarters.