Business Rex Tillerson

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  • *Paris climate accord has increased pressure on oil companies. DALLAS/ SAN RAMON, Calif., May 25- Voters at Exxon Mobil Corp's annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could eventually become a director at the world's largest publicly traded oil company.

  • DALLAS— Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Also, Exxon Mobil Corp. shareholders voted to ask directors to adopt a proxy-access rule, which would make it easier for shareholders to propose their own board...

  • Alabama- Jay Grinney, HealthSouth, $7.8 million. Arizona- Don Slager, Republic Services, $10.9 million. Arkansas- Doug McMillon, Wal-Mart Stores, $19.8 million.

  • HOUSTON, April 29- Exxon Mobil Corp, the world's largest publicly traded oil producer, reported a higher-than-expected first-quarter profit on Friday as it slashed costs to offset plunging crude prices and weak refining margins. Exxon reported net income of $1.81 billion, or 43 cents per share, down from $4.94 billion, or $1.17 per share, a year earlier.

  • HOUSTON/ NEW YORK, March 23- The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks. Though the endowment has a modest $130 million in total assets, the move is notable...

  • HOUSTON, March 23- The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil, chiding the oil giant for allegedly misleading the public about climate change risks. In a letter posted on its website, the Rockefeller Family Fund said Exxon's conduct on climate issues appears to be "...

  • BOSTON/ NEW YORK, March 23- More cash, lower targets and bigger share awards- not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Oilfield services company Schlumberger NV, for example, used lower earnings targets for the second half of 2015, which helped its CEO Paal Kibsgaard receive total pay of $18.3 million, only...

  • NEW YORK, March 2- Exxon Mobil Corp said on Wednesday it would continue to cut spending as long as crude prices remain low, but the world's largest publicly traded oil company added it may look at potential acquisitions in a bid to offset a dip in production. "We have the financial flexibility to pursue attractive opportunities and can adjust our investment...

  • NEW YORK, March 2- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Wednesday its output would rise slowly through 2017 as it continues cutting costs. But Chief Executive Rex Tillerson said the company, which raised $12 billion in the debt market earlier this week, could increase its spending if the right opportunities arose.

  • Shares of Exxon, the world's largest publicly traded oil company, fell 2.2 percent in premarket trading to $74.59, hit by a more than 4 percent slide in the price of crude oil. "While our financial results reflect the challenging environment, we remain focused on the business fundamentals, including project execution and effective cost management," Rex Tillerson,...

  • Crude oil prices have dropped about 70 percent from the 2014 high over $100 barrel. "While our financial results reflect the challenging environment, we remain focused on the business fundamentals, including project execution and effective cost management," Rex Tillerson, the chairman and chief executive officer, said in a statement. The Irving, Texas company...

  • HOUSTON, Dec 14- Exxon Mobil Corp's appointment of the head of its refining business as its new president makes him the probable successor to Chief Executive Rex Tillerson and was designed to avoid raising eyebrows on Wall Street, analysts said on Monday. Cheniere Energy Inc founder Charif Souki was ousted as CEO on Sunday after activist board members opposed...

  • Exxon could make a deal soon, and targets for oil majors range from U.S. shale producers to distressed mining and resources firms, analysts tell CNBC.

  • oil crude gas

    Several big oil companies are expected to pay more in dividends than they will earn in 2015. Can the stocks really maintain these fat yields?

  • Oil fracking

    There's a new term used around the oil patch these days. You better learn it if you're going to catch the bottom in oil.

  • Exxon CEO on Buffett selling $4B in XOM stock

    ExxonMobil CEO Rex Tillerson shares his thoughts on Warren Buffett's decision to sell Exxon shares and what it means for the stock.

  • Oil's supply and demand dilemma

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

  • 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.

  • 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 by $34 billion

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