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  • VIENNA, June 3- Six months after OPEC upended oil markets and sent prices crashing, the head of U.S. oil giant ExxonMobil has an unusual message for the cartel: thanks. The price collapse has helped shine a sharper light on the highest-cost producers, Rex Tillerson, head of the world's largest publicly traded oil company, told a rare meeting of oil executives and OPEC...

  • This week's letter calling for a global carbon pricing by Europe's Statoil, Total, BP, Shell as well as ENI and BG showed first signs of such an agreement, albeit without the support of U.S. peers Exxon Mobil and Chevron. "While we have had discussions with European majors, and we wish them well, we don't believe we need to join this scheme," said Exxon Mobil...

  • Exxon raises its quarterly dividend 6 percent Wednesday, 29 Apr 2015 | 3:05 PM ET

    HOUSTON, April 29- Exxon Mobil Corp on Wednesday raised its quarterly payout 6 percent, a move that underscores the world's largest publicly traded oil company's commitment to raising dividends, although at a slower pace in a time of lower crude oil prices. The Irving, Texas based oil company said its board had approved a second-quarter dividend of 73 cents per...

  • HOUSTON, April 8- Royal Dutch Shell Plc's $70 billion agreement to buy BG Group Plc may be just the signal that other dealmakers need to make their own energy takeover bets, particularly in the U.S. shale sector. "Things may be changing," said Rich Eychner, an equity research associate at Raymond James in Houston. There are literally dozens of shale oil and gas...

  • 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...

  • Oil's supply and demand dilemma Thursday, 5 Mar 2015 | 8:04 AM ET
    Oil's supply and demand dilemma

    ExxonMobil CEO Rex Tillerson, discusses how the oil glut is impacting energy prices and creating storage problems.

  • 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.

  • *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.

  • ExxonMobil CEO Rex Tillerson Friday, 9 Mar 2012 | 12:00 AM ET
    ExxonMobil CEO Rex Tillerson

    ExxonMobil CEO Rex Tillerson and IHS CERA chairman Daniel Yergin discuss the roles of government and the private sector in energy development and creating a climate for investment in new technologies. From CERAWeek, the world's premier energy conference.

  • A World Awash in Oil—and Higher Prices Wednesday, 9 Mar 2011 | 5:53 PM ET
    oil_barrell_money2.jpg

    It is no surprise that the normal supply and demand economics in the oil markets have been replaced with fear and speculation. And today, two major players went on the offensive.