ExxonMobil (NYSE:XOM) is reportedly raising the pay of its U.S. employees beyond the current U.S. inflation rate of 7.7%. The move can be attributed to the company’s strong performance in Q3. In the last reported quarter, the company delivered earnings of $4.45 per share, which beat the expectations of $3.86. Also, revenue jumped 51.9% year-over-year. The company’s workers are expected to get a salary hike of 9%. Moreover, an additional 5% increase will be awarded to employees who recently got promoted. Also, ExxonMobil is issuing restricted stock options to nearly 14,000 employees, which is more than double last year’s number of 5,000.
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