Rex Tillerson

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Rubio Opposition to Tillerson May Trigger Rare Senate Move

If he votes no, will secretary of state nominee's name go to full Senate anyway?

(Newser) - When secretary of state nominee Rex Tillerson testified before the Foreign Relations Committee on Wednesday, he faced the toughest scrutiny from Marco Rubio. The pair had a a number of testy exchanges, with Rubio skeptical that the ExxonMobil chief would be as tough as he needed to be on Russia... More »

Rubio, Tillerson Clash Over Ties to Russia

Rubio pushes secretary of State candidate to call Putin a 'war criminal'

(Newser) - Sen. Marco Rubio and Rex Tillerson clashed over Russia during Wednesday's confirmation hearing for the would-be secretary of State. Tillerson, a former ExxonMobil CEO, has known Vladimir Putin personally for years, Politico reports. And Yahoo News notes he was even given the Order of Friendship by Putin. Rubio addressed... More »

Rex Tillerson Makes $240M Exit From Exxon

He'll sell stock, with value of deferred stock put in trust

(Newser) - Rex Tillerson will take a $180 million retirement deal and make a complete break from ExxonMobil if confirmed as secretary of state. In a deal announced Tuesday, Exxon says the former oil executive who resigned on Dec. 31 will sell his 611,000 shares of Exxon, worth about $55.5... More »

Leak Reveals Another Tillerson-Russia Tie

He headed Exxon's Russian subsidiary

(Newser) - Documents leaked to a German newspaper have revealed that Rex Tillerson has even stronger ties to Russia than first thought, the Guardian reports. The ExxonMobil CEO spent years as a director of Exxon Neftegas, Exxon's Russian subsidiary based in the Bahamas for tax purposes, according to corporate documents leaked... More »

Tillerson Wasn't Trump's Idea. The Source May Surprise

Robert Gates, Condoleezza Rice suggested him: reports

(Newser) - Donald Trump's pick for secretary of state wasn't exactly his—at least not initially. Just two weeks ago, Trump was torn in trying to choose from one of four leading contenders: Rudy Giuliani, Mitt Romney, Bob Corker, or David Petreaus. Then the name of Rex Tillerson surfaced. The... More »

Trump Picks Rex Tillerson, but Path Will Be Tricky

Secretary of state hearings likely to focus on Russia, conflicts of interest

(Newser) - Donald Trump confirmed Tuesday morning that Rex Tillerson is his pick to be secretary of state—but the ExxonMobil chief's path to confirmation is not expected to be an easy one. The Washington Post reports that some GOP senators may be unwilling to support Tillerson because of his ties... More »

Multiple Reports: Tillerson Is Pick for Secretary of State

Trump expected to name ExxonMobil chief his nominee on Tuesday

(Newser) - It's Tillerson: Multiple outlets were reporting Monday night that Donald Trump has settled on ExxonMobil chief Rex Tillerson to be his secretary of state. Among those reporting the news in advance of a formal announcement Tuesday were the New York Times , the Washington Post , the AP , and CNN . All... More »

Few Americans on Better Terms With Putin Than SecState Contender

Rex Tillerson under scrutiny for Moscow ties

(Newser) - The surprise news that ExxonMobil chief Rex Tillerson is the leading candidate to be secretary of state has led to a slew of stories about how he might transition from the business world to the diplomatic one. The 64-year-old has been at the company 41 years. A sampling:
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Trump Picks Exxon CEO for Sec of State: Reports

Rex Tillerson is now the expected nominee

(Newser) - NBC News , the Washington Post , and other outlets are reporting that Exxon Mobil CEO Rex Tillerson will be the next secretary of state. Two sources close to Donald Trump say the president-elect is going to nominate Tillerson, likely next week—though nothing is official until he does. Tillerson apparently... More »

ExxonMobil CEO: World Needs Our Oil, 'Like It or Not'

Cutting oil production 'not acceptable to humanity': Rex Tillerson

(Newser) - Keep the oil taps flowing for the good of the people, the CEO and chair of ExxonMobil appealed to shareholders at what the Guardian says was a "long and fractious" annual meeting in Dallas on Wednesday. Rex Tillerson told attendees the oil giant had already pumped $7 billion into... More »

Exxon CEO Hops on Suit to Stop ... Fracking Activity

Rex Tillerson wants to keep a water tower out of his backyard

(Newser) - Lots of people wouldn't want fracking-related activities taking place near their homes—but when one of those people is the CEO of Exxon Mobil, it raises some eyebrows. The Wall Street Journal last week revealed that Exxon chief Rex Tillerson has joined a lawsuit spearheaded by former House Majority... More »

Exxon to Invest $600M in Algae-Based Fuel

Will partner with famed genome expert Craig Venter

(Newser) - Exxon Mobil, the biggest oil company in the world, will invest $600 million in turning algae into fuel, the New York Times reports. Known for blowing off concerns about global warming and dismissing biofuels—its CEO famously called ethanol “moonshine”—Exxon Mobil has in fact been researching alternative... More »

Fat Cat Exxon Primed to Deal

Behemoth stood still when oil hit record highs, now has $40B for buying spree

(Newser) - Flush with cash after resisting costly acquisitions while oil prices hit record highs, Exxon Mobil could be ready for a shopping spree that could alter the face of the world’s energy supply, reports the Wall Street Journal. The company has nearly $37 billion in reserves and could target another... More »

Exxon's Tillerson Gets $4M Bonus

(Newser) - A year of flush oil prices is paying off nicely for Exxon Mobil chief Rex Tillerson. He will get a $4 million bonus this year and a 10% increase in salary next year to $2.06 million, Reuters reports. Tillerson also will receive 225,000 shares of restricted stock. In... More »

Rockefellers Pump Exxon Execs for Changes

Family wants independent chairman, climate change initiatives

(Newser) - Executives at Exxon are bracing for an onslaught from the Rockefeller family, whose patriarch founded the oil firm’s predecessor a century ago, the Wall Street Journal reports. Led by John D. Rockefeller’s great-granddaughter, the family wants Exxon to pursue renewable forms of energy and appoint an independent chairman. More »

Rockefeller Clan Launches Green Revolt at Exxon

Demand new chairman, green agenda

(Newser) - Exxon Mobil is facing a shareholder revolt by most of John D. Rockefeller's 300 descendants, who are pushing for the mammoth company to go greener, reports the Wall Street Journal. The Rockefellers are campaigning for Exxon to develop new energy technology, cut greenhouse gas emissions and appoint a new independent... More »

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