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Rex Tillerson

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon profits fall 46 percent amid cheap crude

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The Irving oil giant made $4.9 billion, or $1.17 a share, in January-March period, compared to $9.1 billion, or $2.10 a share, in the same period the year before. Quarterly revenues plunged from $106.3 billion to $67.6 billion.
Sen. Lisa Murkowski, R-Alaska, speaks during the opening panel discussion of IHS Energy CERAWEEK on Monday, April 20, 2015, in Houston. ( Brett Coomer / Houston Chronicle )

Quotable CERAWeek: Memorable lines from energy industry leaders

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The new reality of oil, was the biggest topic, and the executives who took the stage focused on detailing how their companies would survive.
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Rex Tillerson at CERAWeek: Oil industry will survive, but government should step aside

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Government regulators need to get out of the way and give oil companies the freedom to innovate to enable “safer, more secure and more efficient production”, Rex Tillerson said at CERA Week.
Businessmen arrive to CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

CERAWeek Day Two: Rex Tillerson, Pemex, Total

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Day Two of the annual conference will deal with issues in both the domestic and international oil and gas industries.
(Jennifer A. Dlouhy / The Houston Chronicle)

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

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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.
ExxonMobil Chairman and CEO Rex Tillerson (AP/Haraz N. Ghanbari)

Exxon CEO: Get used to lower oil prices

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Speaking at the company’s annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.
Rex Tillerson, chairman, president, and CEO of ExxonMobil Corp. ( Johnny Hanson / Houston Chronicle )

Exxon Mobil to cut 2015 budget by 12 percent

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Despite the cuts, Exxon said it expects to increase daily production to 4.3 million oil-equivalent barrels through 2017.
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

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

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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.
(LM Otero/AP)

Exxon cuts share buybacks as fourth-quarter profit slides

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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.
(Alexander Zemlianichenko Jr./Bloomberg)

Exxon begins production from Russian field

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