Exxon Mobil Corp. gave its CEO $27.2 million in total compensation last year, an 8 percent increase as the oil giant posted its second-highest profit ever. More »
In an exclusive interview with FuelFix, the Exxon Mobil Corp. CEO Rex Tillerson says his personal experience with death at the company has shaped his efforts to improve safety. More »
Exxon Mobil Corp’s CEO, in an exclusive interview with FuelFix, said a rupture and oil spill last week from a company pipeline in Arkansas was regrettable, but that he is proud of the quick response to the incident. More »
Exxon Mobil CEO Rex Tillerson met with Iraq’s prime minister on Monday to discuss the firm’s plans in the country, raising the possibility that Baghdad could be mending its dispute with America’s largest oil company over its work in the Kurdish region. More »
Exxon Mobil Corp. is weighing a sale of its German Esso gas station chain, people familiar with the process told Bloomberg News. The unit includes more than 1,100 gas stations in Germany and may fetch more than $1.3 billion. More »
The agreement calls for spending $3.2 billion to fund exploration in the Kara Sea and Black Sea, and enables Rosneft to gain stakes in ExxonMobil exploration holdings in the deep-water Gulf of Mexico and tight oil fields in Texas, as well as in other unspecified countries, the companies said.
At a recent meeting of the National Petroleum Council in The Woodlands exposed an issue of contention among some in the industry — how best to ensure the industry uses the best practices when it comes to drilling for and producing natural gas. More »
An Exxon exec cries foul about a New York Times editorial that painted oil companies as spoiled crybabies, whining about a plan by Senate Democrats to repeal a host of industry tax breaks. More »
Executives from the five biggest oil companies are set to argue against proposed tax hikes during a Senate Finance Committee hearing today. Exxon Mobil CEO Rex Tillerson will tell the panel that Democrats are unfairly singling out the firms with a plan to eliminate tax credits and deductions used broadly by other industries.
Exxon has budgeted $34 billion for capital projects this year, a 5.6 percent increase from 2010, CEO Rex Tillerson said today. The company expects to boost oil and gas production by 3 percent to 4 percent this year. More »
Oil and gas leaders insist they are making dramatic changes in response to the Deepwater Horizon disaster, following the release of a critical report that blames the Macondo blowout on systemic failures industry-wide. (Photo: AP/Gerald Herbert) More »
Rex Tillerson said at a government forum that spill responders seemed to repeatedly choose safer options with a smaller potential payoff. More »