ExxonMobil, Tillerson agree to cut ties

ExxonMobil and Rex Tillerson have agreed to cut all ties to comply with conflict of interest as the company’s former head awaits confirmation as US Secretary of State. The company said if his appointment is confirmed, more than two million deferred ExxonMobil shares he would have received in the next 10 years will be transferred […]

ExxonMobil CEO announced US Secretary of State

Donald Trump has announced Rex Tillerson as the US Secretary of State. The CEO of ExxonMobil is well experienced in international negotiations and has successfully led a global multinational – two of the reasons why Mr Trump thinks he’s the best candidate for the position. Mr Trump said: “His tenacity, broad experience and deep understanding of geopolitics make him an excellent choice for Secretary of […]

US to be energy self-sufficient by 2020 says oil boss

The chief executive of oil giant ExxonMobil believes the United States will be “energy secure” by 2020. In an interview today, Rex Tillerson said he preferred the phrase “self-sufficient” as opposed to “independence” because the two terms suggest different mindsets. Mr Tillerson told US news channel CNBC: “It’s apparent to us energy self-sufficiency [by the […]

ExxonMobil and Rosneft tie up

ExxonMobil has joined up with Russian oil company Rosneft to share their technologies and expertise in exploring and developing oil and natural gas in Russia. The ‘Strategic Co-operation Agreement’ signed yesterday includes the management of an exploration programme in the Kara Sea and Black Sea, which is estimated to cost more than $3.2 billion (£2bn) […]