Business Rex Tillerson

  • 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...

  • Exxon's 4Q and annual profit plunge with oil prices Tuesday, 2 Feb 2016 | 8:09 AM ET

    Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. That helped Exxon avoid the fate of rival Chevron Corp., which lost money in the fourth quarter. Exxon shares fell $2.12, or 2.8 percent, to $74.17 in afternoon trading.

  • 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...

  • Oct 30- Exxon Mobil Corp said on Friday its third-quarter profit fell 47 percent hit by low crude prices, but results were better than expected, helped by higher profits in the oil company's refining business. The Irving, Texas, company posted profit of $4.24 billion, or $1.01 per share, compared with $8.07 billion, or $1.89 per share in the same quarter a year earlier.

  • *Leaders of 8 oil majors to meet in Paris on Oct. 16. LONDON, Oct 7- The leaders of eight of the world's top oil companies will meet in Paris next week to explain how they will help combat climate change, as part of an offensive ahead of a U.N. summit later this year. The Oct. 16 meeting will be followed by a press conference, where the company heads are also expected to renew...

  • WASHINGTON, Sept 15- The United States and China have exchanged revised offers for a proposed investment treaty, a spokeswoman for the U.S. China, which has more restrictions on foreign investment than the United States, is in talks with Washington to reduce the scope of so-called negative lists of sectors closed to the other side's investors.

  • These could be the next energy buyers and sellers Wednesday, 8 Apr 2015 | 11:49 AM ET

    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.

  • Will plunging oil force energy dividend cuts? Monday, 16 Mar 2015 | 6:38 PM ET
    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?

  • 'Fracklog' means no oil bottom anytime soon Friday, 13 Mar 2015 | 11:51 AM ET
    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 Thursday, 5 Mar 2015 | 8:52 AM ET
    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 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.