Oil, Ceo | featured news

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

The U.S. economy is on increasingly unsteady footing, hurt by stubbornly high unemployment and volatile oil prices, the head of General Motors Co told reporters on Tuesday.

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.

Rising fuel prices have forced Southwest Airlines to raise ticket prices, but the Dallas-based carrier is also focusing on efficiency measures to lower its fuel consumption, president and CEO Gary Kelly said Monday.

BP Chief Executive Bob Dudley accused some politicians and the media on Monday of being too hasty to pin all the blame on his company for the devastating Gulf of Mexico spill - and emphasized the need for deep-water drilling.

Tony Hawyard, BP's CEO who's quickly become the public face of the Gulf Oil spill, will be stepping down, according to reports in the British press.

In prepared testimony before a House panel that is expected to question him harshly Thursday, BP chief executive Tony Hayward says the oil spill disaster in the Gulf of Mexico "never should have happened" and has left him ...

Occidental Petroleum chairman and CEO Ray Irani received $31.4 million in total compensation in 2009, a 39.4% increase over the previous year.

Chevron Chairman and Chief Executive David J. O'Reilly will retire after a decade at the helm of the oil company. He will be succeeded by Vice Chairman John S. Watson.