Tag Archives: ExxonMobil

Reuters reports: Boeing suspended maintenance and technical support for Russian airlines and U.S. energy firm Exxon Mobil said it would exit Russia, joining a growing list of Western companies spurning Moscow over its invasion of Ukraine. Airbus also stopped sending spare parts to Russia and supporting Russian airlines, but said it was analysing whether its Moscow engineering centre could keep …

The Guardian reports: The chief executive of ExxonMobil, Darren Woods, was accused of lying to Congress on Thursday after he denied that the company covered up its own research about oil’s contribution to the climate crisis. For the first time, Woods and the heads of three other major petroleum companies were questioned under oath at a congressional hearing into the …

Law & Crime reports: President Donald Trump dazzled a rally audience in Arizona on Monday by describing a scenario in which he could—-if he really wanted to do so, that is-—shake down a company like ExxonMobil for millions of dollars in campaign cash. “So, I call some guy, the head of Exxon, I call the head of Exxon–I don’t know” …

Axios reports: Resolutions pushing ExxonMobil and Chevron to get more aggressive on climate change were soundly defeated at annual shareholder meetings on Wednesday. The meetings were the latest example of growing investor pressure on oil giants over global warming. At Exxon’s meeting, a resolution calling for a new board committee on climate won just 7.4% support. At Chevron’s meeting, roughly …

Reuters reports: Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft. The U.S. Treasury Department on Thursday morning slapped the world’s largest publicly traded oil producer with the fine for “reckless disregard” of U.S. sanctions in dealings with Russia …

Reuters reports: The U.S. Treasury Department on Thursday said it was fining global oil company ExxonMobil Corp $2 million for violating sanctions on Russia in May 2014. The heads of the company’s U.S. subsidiaries signed eight documents between May 14 and May 23, 2014 with Igor Sechin, the head of Russia’s largest oil producer, Rosneft, Treasury’s Office of Foreign Assets …

The Independent reports: Exxon Mobil has reportedly applied to the US Treasury Department for a waiver from US sanctions on Russia, which – if granted – would mean that it can resume its joint venture with Russian-state owned oil giant PAO Rosneft. Citing people familiar with the matter, the Wall Street Journal reported that Exxon had been seeking US permission …

Reuters reports: U.S. Secretary of State Rex Tillerson received compensation worth $27.4 million last year when he was chief executive of Exxon Mobil Corp, the world’s largest publicly traded oil producer, regulatory filings showed on Thursday. He and other senior executives got raises even though Exxon’s net income fell more than 50 percent in 2016 as the company, like many …

Talking Points Memo reports: Secretary of State Rex Tillerson used an email alias to discuss issues related to climate change while he was an executive at ExxonMobil, according to the New York attorney general. Attorney General Eric Scheiderman made the claim in a letter Monday asking a New York state judge to enforce a subpoena for documents in the state’s …

Reuters reports: U.S. Secretary of State Rex Tillerson has recused himself from issues related to TransCanada Corp’s application for a permit for the Keystone XL pipeline, the State Department said in a letter on Thursday to the environmental group Greenpeace. “He has not worked on that matter at the Department of State, and will play no role in the deliberations …

The International Business Times reports: The Department of the Interior announced Monday a proposal that would lease 73 million acres in the Gulf of Mexico for oil and gas exploration and development later this year, according to a statement. The massive amount of acreage, spread out across Alabama, Florida, Louisiana, Mississippi and Texas’ shores, would first be put up for …

The Washington Post reports: Secretary of State Rex Tillerson, who during his confirmation hearings repeatedly vowed to promote human rights as a core American value, alarmed human rights advocates when he did not appear in person to present the State Department’s annual human rights report, released Friday. In a break with long-standing tradition only rarely breached, Tillerson’s remarks were limited …

Vox reports: On the same day the Senate confirmed Rex Tillerson as Donald Trump’s secretary of state, the House voted to kill a transparency rule for oil companies that Tillerson once lobbied against while CEO of Exxon Mobil. So all in all, a good day for America’s largest oil and gas firm. Using the little-known Congressional Review Act, the House …

The New York Times reports: Rex W. Tillerson, the former chairman and chief executive of Exxon Mobil, was confirmed by the Senate on Wednesday in a 56 to 43 vote to become the nation’s 69th secretary of state just as serious strains have emerged with important international allies. The many votes against Mr. Tillerson’s confirmation made his selection among the …

Reuters reports: The U.S. Senate Foreign Relations Committee narrowly approved President Donald Trump’s choice for secretary of state, former Exxon Mobil chairman Rex Tillerson, on Monday. The vote was 11-10, with every committee Republican backing Tillerson and every Democrat opposing his nomination. Tillerson is expected to be confirmed for the position when the matter comes before the 100-member Senate, where …

The Guardian reports: Exxon boss Rex Tillerson will receive more than $180m from the company as he severs financial ties with the oil industry to become Donald Trump’s secretary of state. Tillerson’s confirmation hearings begin next week. If confirmed, Tillerson will surrender all unpaid stock that was part of his pay package, more than 2m shares. In exchange, the company …

The Guardian reports: Rex Tillerson, the businessman nominated by Donald Trump to be the next US secretary of state, is the long-time director of a US-Russian oil firm based in the tax haven of the Bahamas, leaked documents show. Tillerson – the chief executive of ExxonMobil – has been a director of the oil company’s Russian subsidiary, Exxon Neftegas, since …

Via Raw Story: Seth Meyers is not happy about President-Elect Donald Trump nominating Exxon Mobil CEO Rex Tillerson to be the Secretary of State. The “Late Night” host railed on the pick in his latest “Closer Look” segment, noting, “I guess when they drained that swamp there was oil at the bottom!” Meyers found an old video of Trump at …

Earlier today the Family Research Council denounced Secretary of State nominee Rex Tillerson for his role in opening up the Boy Scouts to gay members. The Human Rights Campaign this afternoon declared that Tillerson might actually be too anti-gay for the job. CNN reports: The Senate should take a hard look at ExxonMobil’s record on gay rights when it considers …

The Hill reports: Former Defense Secretary Robert Gates is offering strong backing to President-elect Donald Trump’s pick to be secretary of State. “I strongly endorse the President-Elect’s selection of Rex Tillerson to be the next Secretary of State,” Gates said in a statement Tuesday morning, according to “Fox & Friends.” “He will bring to the position vast knowledge, experience, and …