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Rex Tillerson

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  • US drillers scrambling to thwart OPEC threat Monday, 23 Mar 2015 | 11:58 AM ET

    NEW YORK— OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. "Everybody gets a little more imaginative, because they need to," says Hans-Christian Freitag, vice president of technology for the drilling services company Baker...

  • TRENTON, N.J.— Reacting to the state's proposed $225 million settlement with Exxon Mobil, New Jersey lawmakers Thursday advanced measures requiring that more money from environmental settlements be used for cleanup and extending the time the public has to comment before it is approved. Democrats and environmental groups say the state accepted pennies on...

  • MOSCOW, March 18- Russian Energy Minister Alexander Novak plans to discuss energy cooperation with the CEO of U.S. oil and gas major ExxonMobil, Rex Tillerson, at their meeting later on Wednesday. Kommersant quoted a source as saying that ExxonMobil had threatened to lodge a claim with the Stockholm arbitration court unless Russia cut its taxes for the project...

  • MOSCOW, March 18- Russian Energy Minister Alexander Novak plans to discuss energy cooperation with the CEO of ExxonMobil, Rex Tillerson, during their meeting later on Wednesday.

  • MOSCOW, March 18- U.S. oil and gas major ExxonMobil has asked the Russian government to reimburse taxes worth "several billion roubles" it says it overpaid on a project in the far east of Russia, the Kommersant daily reported on Wednesday. Russia reduced the profit tax in 2009 to 20 percent but ExxonMobil continued to pay at the earlier level of 35 percent after the...

  • *Iraq seeks to stem losses from falling oil prices. BAGHDAD, March 12- Oil companies have proposed millions of dollars of cuts in development spending in Iraq, a senior oil ministry official said, after Baghdad told them low oil prices and its fight against Islamic State had made payments difficult. The slump in crude prices to below $60 a barrel from $115 in June has...

  • UPDATE 1-Shell CEO's total pay soars to $25.7 mln Thursday, 12 Mar 2015 | 8:09 AM ET

    LONDON, March 12- Royal Dutch Shell Chief Executive Ben van Beurden will earn a total 24.2 million euros for 2014, making him one of the highest-earning FTSE 100 bosses despite last year's sharp fall in oil prices. His 2014 compensation, when calculated in British pounds, places him as the second-highest-paid senior executive on the FTSE 100 share index after...

  • Exxon's global risk factor   Thursday, 5 Mar 2015 | 7:18 AM ET
    XON's global risk factor

    ExxonMobil CEO Rex Tillerson explains how U.S. and E.U. sanctions on Russia have cost the oil giant up to a billion dollars and where risk may not always lead to reward.

  • Expect more volatility in oil: Exxon CEO Thursday, 5 Mar 2015 | 6:23 AM ET
    Rex Tillerson, CEO and chairman of Exxon Mobil.

    Expect more volatility in oil, with prices staying around current levels, Exxon Mobil CEO Rex Tillerson told CNBC.

  • Exxon trims capex to average less than $34B   Thursday, 5 Mar 2015 | 6:20 AM ET
    Exxon trims capex by $34 billion

    ExxonMobil CEO Rex Tillerson announced plans to raise production while cutting capital expenditure by 12 percent.

  • SINGAPORE, Dec 4- Brent crude rose above $70 a barrel on Thursday, gaining nearly a percent along with U.S. futures as a fall in crude stockpiles in the United States supported prices. The contract settled below $70 on Wednesday after a report suggested Saudi Arabia expected still lower prices for oil. Many analysts expect prices to head still lower after recent...

  • *Brent down after report citing $60 oil outlook by Saudis. NEW YORK, Dec 3- U.S. crude closed higher on Wednesday at more than $67 after data showed a surprise tumble in inventories, but a report suggesting Saudi Arabia expected still lower prices for oil sent Brent below $70 a barrel. Brent closed lower after the Wall Street Journal, citing people familiar with the...

  • NEW YORK, Dec 3- Brent fell to around $70 a barrel on Wednesday while U.S. crude rose to above $67 after data showed a tumble in U.S. crude inventories even as a report suggested Saudi Arabia expects still lower prices for oil. The Wall Street Journal reported that Saudi Arabia, OPEC's biggest producer, believed oil prices could stabilize at around $60 a barrel.

  • SPECIAL REPORT-How Exxon helped make Iraqi Kurdistan Wednesday, 3 Dec 2014 | 7:31 AM ET

    LONDON/ ARBIL, Dec 3- In January 2011, Exxon hired one of the best connected men in Iraq: Ali Khedery, an American of Iraqi descent who had served in Baghdad as a special assistant to five U.S. ambassadors and a senior adviser to three U.S. generals. "We will see a rise in violence and a total paralysis in Baghdad," he recalled saying. He suggested an alternative: Kurdistan, a...

  • Oct 31- A surge in refining profits boosted quarterly results for Exxon Mobil Corp and Chevron Corp, helping to offset lower oil and gas output and slumping crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted results.

  • Oct 31- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted...

  • Oct 31- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a better-than-expected 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a...

  • HOUSTON, Oct 2- Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore Liberia, the company's chief executive officer said on Thursday. "We had some drilling plans for some blocks offshore West Africa in Liberia," CEO Rex Tillerson told a news conference to announce $18 million in...

  • *Energy ministry, LUKOIL to meet investors this month. LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry, which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.

  • LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.