Rex Tillerson | featured news

Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million.

ExxonMobil CEO Rex Tillerson says fears about climate change, drilling, and energy dependence are overblown... Tillerson blamed a public that is "illiterate" in science and math, a "lazy" press, and advocacy groups that "manufacture fear" for energy misconceptions in a speech at the Council on Foreign Relations.

Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.