Tillerson

ExxonMobil Corp.’s board plans to elect a new CEO and chairman after President-elect Trump on Tuesday formally nominated Rex W. Tillerson to serve as secretary of state.

Rex W. Tillerson, chairman and CEO of ExxonMobil Corp. for the past decade, is being floated by President-elect Trump as his pick for secretary of state.

Rex W. Tillerson, chairman and CEO of ExxonMobil Corp. for the past decade, is being floated by President-elect Trump as his pick for secretary of state.

ExxonMobil Corp. has sharply reduced its capital spending plans this year but management is eyeing potential acquisitions while commodity prices are weak, CEO Rex Tillerson said Wednesday. The only issue is that sellers still have unrealistic price expectations, he said during the annual analyst conference in New York City.

As much as the energy industry’s investments in technology are shaping the 21st Century, operators continue to struggle under the weight of policies that are products of 1970s thinking, ExxonMobil Corp. CEO Rex Tillerson said Tuesday.

As much as the energy industry's investments in technology are shaping the 21st Century, operators continue to struggle under the weight of policies that are products of 1970s thinking, ExxonMobil Corp. CEO Rex Tillerson said Tuesday.

To some observers, ExxonMobil Corp. has been a plodder in North America’s onshore, but as low commodity prices shut the door to some operators, the supermajor is ready to roar, with plans to double output from three key U.S. plays through 2017.

ExxonMobil Corp. isn’t about to let the natural gas and oil opportunities in North America slip out of its grasp, CEO Rex Tillerson told a Houston audience Thursday. But federal officials might if they don’t allow energy exports to be freely traded, he said.

North America one day soon may be able to supply internal natural gas and oil demand, but that’s no reason to ignore the value of international trade, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.