Cheniere CEO Compensation Doubles to $142 Million

Cheniere Energy Inc. (LNG), the U.S. natural gas export company that’s never posted an annual profit, more than doubled the compensation of its chief executive officer to $141.9 million last year.

CEO Charif Souki’s 2013 compensation was one of the highest in corporate America, and more than five times that of Exxon Mobil Corp. CEO Rex Tillerson, who runs the world’s largest publicly traded energy company with a profit of $32.6 billion last year, according to summary compensation tables published in regulatory filings.

Tillerson received total 2013 compensation of $28.1 million, while CEO John Watson of Chevron Corp., the second-largest U.S. energy company, earned $24 million, according to the summary tables. All amounts include stock awards.

Last year, Souki’s total compensation included stock awards valued at $132.9 million, according to a filing today. His 2012 compensation of $57.5 million included $49.2 million in stock awards.

Cheniere, based in Houston, is set to become the first U.S. company to export liquefied natural gas produced from the U.S. shale boom. Shares in the company have doubled over the past year, performing about five times better than the Standard & Poor’s 500 Index, and closed at $55.55 today.

To contact the reporter on this story: Zain Shauk in Houston at zshauk@bloomberg.net

To contact the editors responsible for this story: Susan Warren at susanwarren@bloomberg.net Andrew Hobbs

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.