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How Many Of Trump's Cabinet Spots Are Unfilled?
Sunday, January 22, 2017 - 6:19pm | 365America’s running on a skeleton crew. As President Donald Trump was sworn into office at noon Friday, he’d announced just 29 of 690 executive appointments, according to the nonprofit Partnership for Public Service. The Trump administration announced plans Thursday to keep 50 key Obama...
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Rex Tillerson's Personal Portfolio Includes Stakes In Exxon, Oil Rivals And Apple
Thursday, January 5, 2017 - 9:43am | 435Rex Tillerson, the former CEO of oil giant Exxon Mobil Corporation (NYSE: XOM) and President-elect Donald Trump's pick for secretary of state, is worth as much as $400 million, according to a Bloomberg report citing a public disclosure filed with the U.S. Office of Government Ethics on Wednesday....
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Former Chief White House Ethics Lawyer: Rex Tillerson Is Following Proper Protocol
Wednesday, January 4, 2017 - 2:44pm | 432Rex Tillerson, former CEO and chairman of Exxon Mobil Corporation (NYSE: XOM) reached an agreement with his former company to several all ties and to comply with conflict-of-interest requirements as part of his nomination as U.S. secretary of state. As part of the agreement, the value of more than...
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GE CEO Jeff Immelt Cheers Tillerson's Secretary Of State Nomination
Tuesday, December 13, 2016 - 10:01am | 363President-elect Donald Trump's is an unconventional choice - the CEO of one of the world's largest oil companies. Trump tapped Rex Tillerson, CEO of Exxon Mobil Corporation (NYSE: XOM) to serve. Naturally, Trump will face scrutiny in his pick for various reasons, including his lack of...
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What Would Rex Tillerson Becoming Secretary Of State Mean?
Monday, December 12, 2016 - 4:10pm | 468Exxon Mobil Corporation (NYSE: XOM) shares were up 2.4 percent on Monday on news that CEO Rex Tillerson is President-elect Donald Trump’s choice for Secretary of State. Coincidentally, news also broke Monday that a group of non-OPEC oil producers led by Russia has agreed to join OPEC and cut...
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Is Now The Perfect Time To Buy U.S. Oil Stocks?
Monday, December 12, 2016 - 2:25pm | 548After several years of bad news for oil investors, things are starting to look a bit more bullish for the U.S. oil industry. WTI crude oil prices jumped above $54/bbl on Monday following news that a group of non-OPEC oil producers will be joining OPEC and cutting crude oil output in an effort to...
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Strained U.S.-Russia Relationship Is A Problem For Exxon Mobil
Wednesday, October 12, 2016 - 11:06am | 425The relationship between the United States and Russia appears to have taken a turn for the worse as of late, and one American company, Exxon Mobil Corporation (NYSE: XOM) is likely to find itself in a difficult position. According to Gadfly's Liam Denning, Exxon's current CEO Rex Tillerson spent...
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Exxon Says, 'We Don't Do Write-Downs'; NY Attorney General Investigating Whether Or Not They Should
Friday, September 16, 2016 - 11:41am | 483Why is Exxon Mobil Corporation (NYSE: XOM) the only oil firm that doesn't write down the value of its assets? According to the Wall Street Journal, this is the exact same question that New York Attorney General Eric Schneiderman is asking. The Journal, citing "people familiar with the matter,"...
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How Exxon's CEO Is Defending His Company
Thursday, March 3, 2016 - 5:09pm | 487Earlier on Thursday, Exxon Mobil Corporation (NYSE: XOM)'s CEO Rex Tillerson spoke with CNBC on the station's "Squawk Box" segment. Exxon has recently endured some substantial flack, including the decision to issue $12 billion in bonds last week to fund the increased dividend, a cut in capital...
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Exxon Mobil Reports Better-Than-Expected Q4; Shares Lower
Tuesday, February 2, 2016 - 9:16am | 246Shares of Exxon Mobil Corporation (NYSE: XOM) were trading lower by 1.2 percent early Tuesday morning after the company reported its fourth quarter results. Exxon Mobil earned $0.67 per share in the fourth quarter on revenue of $59.81 billion. Wall Street analysts were expecting the company to...
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Exxon CEO Makes Fun Of Clean Energy; But What About Coming Price Parity?
Saturday, May 30, 2015 - 10:23am | 390Exxon Mobil Corporation (NYSE: XOM) CEO Rex Tillerson mocked renewable energy in an April shareholder speech, according to a Politico report. “We choose not to lose money on purpose,” Tillerson said in addressing the reason for the company not investing in renewables. Tillerson...
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Exxon Mobil CEO: I Understand Buffett's Decision, 'He Has A Portfolio He Has To Manage'
Thursday, March 5, 2015 - 2:29pm | 292Exxon Mobil Corporation (NYSE: XOM) shares took a hit recently when it was revealed that Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett has offloaded $4 billion worth of Exxon Mobil shares. Later, in an interview with CNBC, Buffett explained his move, citing “...
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Exxon CEO Rex Tillerson: Falling Crude Oil Prices Means Just A Return To Fundamentals For Us
Thursday, December 4, 2014 - 10:31am | 351With prices of oil falling,oil companies are suffering. However, big integrated oil companies like Exxon Mobil Corporation (NYSE: XOM) are better prepared to face this challenge than its smaller counterparts and that’s perhaps why stock of Exxon Mobil have held its ground better than other...
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Here Are 14 Yearbook Photos of Business Big Shots
Wednesday, May 22, 2013 - 12:19pm | 95When we think of the business titans of our age, we often associate their likeness with private jets, cash flows in the millions, intense board room meetings and bold leadership. Yet, the humble beginnings of the CEOs, co-founders and chairmen of some of America's top companies are often...
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Traders See Lid on Nat Gas Rally
Monday, October 8, 2012 - 9:10am | 273Natural gas futures have surged in recent weeks, but production levels that still hover near record highs and warm weather are among the catalysts that limit the fuel's near-term upside, according to some traders. Natural gas futures have rallied more than 25 percent from the low of $2.682 per...