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
came coal coming crude difficulty displace dominant enormity grips natural people sheer takes took
When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption.
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.
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.
ask average natural street
If you ask the average person on the street about U.S. energy and U.S. oil in particular, our situation, most Americans would say, 'Oh, we're energy poor; we don't have enough oil; we don't have enough natural gas.'
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.
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.
attractive invest money projects remain
We invest our shareholders' money wisely, in projects that remain attractive over the long term.
companies develop energy financial risk scale strength undertake
We need U.S. energy companies that have the scale and financial strength to make investments, undertake the risk and develop the new technologies.
almost culture familiar joined people since
I don't think people should look for much to be different. It's a culture that started many, many years ago. It's a culture familiar to me since I joined the company, now almost 32 years ago.
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.
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.
greater percent represents reserves year
This represents the 12th consecutive year of greater than 100 percent reserves replacement.
arctic critical example experience foundation good project success tells work
Experience tells us that a good foundation is critical for success in the Arctic and elsewhere. ExxonMobil's Sakhalin-1 project with Rosneft is an example where we have put this experience to work.