Word: tillerson
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...behind the doubling of crude prices in the past year a "myth," and instead blamed geopolitics, a decline in Russian production and increased demand for the crunch. "Supply is not responding adequately to rising demand," he said. "The problem is above ground, not below it." ExxonMobil CEO Rex Tillerson echoed the last part of Hayward's equation: "Look, it's hard for us to fully understand what's behind the high prices - there's a decoupling from historic indicators. But clearly, demand is driving...
...Even the general agreement on the need for more investment to answer that question came with its own polemics. "Exxon will spend $1.25 billion on research," said ExxonMobil CEO Rex Tillerson. "My company alone is investing at a rate of 60% of OPEC's." But asked what the OPEC was investing to secure future demand, Khelil responded by suggesting his organization was being unfairly targeted. "What are other countries doing? Why don't you ask Brazil? Why don't you ask China? Those aren't OPEC countries," he said. Meanwhile, BP's Hayward blamed high taxes for stymieing necessary investment...
...chairman and CEO of Exxon Mobil, Rex Tillerson can arguably claim to have played a key role in delivering a record $40.6 billion in profit to shareholders last year. Yet many of them, including dozens of descendants of John D. Rockefeller, whose Standard Oil morphed into Exxon, don't want him to be chairman anymore. At the oil giant's annual meeting in Dallas on Wednesday, nearly 40% of shareholders voted to separate the roles of CEO and chairman atop the oil giant. It was more support than most such proposals get, yet still far shy of a majority...
...Tillerson...
...Tillerson plays a key role in ExxonMobil's efforts to find new fields, especially in Russia, where he is well connected to officialdom, all the way up to President Vladimir Putin. If he can grab a greater presence there, he will help assure the company's future--and maybe his own. --By Cathy Booth Thomas/Dallas