Exxon Mobil Is Built to Withstand Market Conditions: CEO

4:20 AM ET Tue, 5 June 2012

Rex Tillerson, chairman and CEO of Exxon Mobil, told CNBC "We have clearly seen the effect of the sluggish economy on energy demand and that is a sluggish demand in the face of a well-supplied market and so it was expected that at some point prices would correct and we have seen that in the recent changes in the price of crude oil."