Tag: Rex Tillerson

Report: Arctic oil drilling needed now to sustain U.S. energy security

The analysis makes the case for the United States to aggressively develop Arctic oil and gas resources that can help supply the country with energy long after some onshore fields are depleted.  More »

Exxon CEO: Get used to lower oil prices

Speaking at the company’s annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.  More »

Exxon Mobil to cut 2015 budget by 12 percent

Despite the cuts, Exxon said it expects to increase daily production to 4.3 million oil-equivalent barrels through 2017.  More »

Exxon now has more exploration holdings in Russia than in the U.S., despite sanctions

While U.S. and European Union sanctions against Russia forced Exxon to shut down an Arctic drilling project in October, the producer is staking claims to areas that could yield tens of billions of barrels in coming decades.  More »

Exxon cuts share buybacks as fourth-quarter profit slides

Exxon said it wouldn’t pull too far off the throttle given lower priced oil and gas, and executives said the company was willing to take on debt in order to hold up its dividend and to make the most of any opportunities the company saw amid collapsing crude prices.  More »

Exxon begins production from Russian field

The entire project has a total daily production of more than 200,000 barrels.  More »

CEO says Exxon Mobil can be “successful” with $40 oil

West Texas Intermediate climbed Wednesday to $67.98 per barrel, while futures sank to $63/72, the lowest price in five years.  More »

Exxon sees profit rise on refining strength

Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses.”  More »

Tillerson: Houston at center of energy revolution

In a speech made today in downtown Houston, ExxonMobil CEO Rex Tillerson offered an extensive overview of the rise of North American oil and gas production and urged lawmakers to leave politics out of industry regulations.  More »

Exxon CEO: Oil will be top energy source for years

About 15 people protested outside the meeting hall of Exxon Mobil’s annual shareholder meeting, charging that the company was not doing enough to reduce climate change and develop alternative sources of energy to burning oil and natural gas.  More »

Exxon Mobil earnings dip as refining markets weaken

Exxon Mobil Corp.’s earnings dipped 4 percent in the first quarter as both its U.S. and international refining earnings were nearly cut in half by sinking demand for petroleum products.  More »

Executive pay drops as shareholder pressure rises on oil giants

Several of the largest U.S. energy companies cut into top-shelf executive pay last year as activist investors pushed them to shrink their oil empires and steer more capital to shareholder pockets.  More »

Energy’s global tiger can bear sanctions on Russia

Losing money on possible economic sanctions in Russia would amount to a little more than a rounding error for Exxon Mobil, the U.S. energy company with the biggest stake in a country under international pressure to release its grip on Ukraine.  More »

Exxon CEO’s lawsuit against water tower fuels public outrage (video)

Exxon Mobil CEO Rex Tillerson is at the center of a media firestorm over a lawsuit protesting a water tower near his $5 million horse ranch north of Dallas.  More »

Exxon chief: US will be energy secure by 2020 (video)

The United States will be energy secure by the end of the decade, Exxon Mobil CEO Rex Tillerson told CNBC Thursday.  More »
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