Dallas says they are committed to retaining Garcia.
Spring-based Exxon closed its all-stock acquisition of Pioneer on May 3 — the company's largest deal since it acquired Mobil in 1999.Former Pioneer Natural Resources Co. CEO Scott Sheffield may not be serving on Exxon Mobil Corp.'s board but he and other executiveson May 3 — the company's largest deal since it acquired Mobil in 1999. As part of the deal, Sheffield and other executives were in line to receive a total $141.
Sheffield's severance package amounted to more than $68.1 million in cash, outstanding stock awards, a separation payment and benefits, according to the April federal filing. A previous proxy filing in January estimated the golden parachutes would total about $241.5 million. The amounts in that filing assumed the acquisition would close on Nov. 17, 2023. The estimates also included equity awards that already vested and settled in December but did not include any additional restricted stock units the executives received in 2024.
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