Rex Tillerson
Rex Tillerson
Rex Wayne Tillersonis an American businessman and is the chairman, president, and CEO of Exxon Mobil Corporation. Under Tillerson's leadership Exxon acquired XTO Energy. Exxon has tied with Apple Inc. and Google to be one of the top three largest public companies by market value...
NationalityAmerican
ProfessionBusinessman
Date of Birth23 March 1952
CountryUnited States of America
business investing natural oil
We are investing heavily in conventional oil and natural gas, which is the business we are in. We are not in those other businesses.
bad crummy gas heavy metals produce stuff
In conventional oil and natural gas production, you always produce a lot of formation water, and it's crummy water. It's real salty. It's got heavy metals in it. It's got bad stuff in it.
answer higher industry mergers prices pump question respect specific whether
With respect to the committee's specific question -- whether mergers and acquisitions in our industry have contributed to higher prices at the pump -- the answer is no.
economy economy-and-economics global mark question
You have to put a question mark around just how long the global economy can live at $60 a barrel.
environment industry lives price today
This is an industry that lives in cycles. The price environment we're in today is not sustainable.
billions bring cost dollars operate projects require stream
Projects still require years to develop, cost billions of dollars to bring on stream and operate for decades.
culture help people simply source understand
Simply put, it works. The Exxon Mobil culture is something that a lot of people would like to understand better. I'm not really going to help them understand it, because it's the source of our competitive advantage.
companies scale
We need companies that have the scale to compete.
benefits brings co2 concern elements emissions environmental forms fuels gas health natural none number obviously public relatively
Natural gas obviously brings with it a number of quality-of-life environmental benefits because it is a relatively clean-burning fuel. It has a CO2 footprint, but it has no particulates. It has none of the other emissions elements that are of concern to public health that other forms of power-generation fuels do have: coal, fuel oil, others.
continued efforts harder problem support understand work
What we support is continued efforts to understand the problem better. We need to work harder on articulating our views, and we're going to try to do better at that in the future.
anyone best capital cautious continues financial focused given guide interest measure nature overall performance seem tries view
In our view, ROCE (return on capital employed) continues to be the best overall measure of financial performance given the long-term capital -intensive nature of our industry. I would be cautious of anyone who tries to de-emphasize it. Some seem to have focused on other metrics to guide what they view to be in the best interest of their shareholders.
billion increase likely output population projected versus
By the year 2040, the world's population is likely to increase by about 2 billion people, with also projected economic output will be up about 130 percent versus the year 2010.
adapt areas changes crop move patterns production weather
Changes to weather patterns that move crop production areas around - we'll adapt to that. It's an engineering problem, and it has engineering solutions.
By practically every measure, 2005 was an outstanding year.