Exxon Mobil Corp., the largest U.S. oil company, said state and federal governments will play an important role in the safe and efficient development of North American crude and natural-gas resources that are transforming the continent’s energy supplies.
Exxon Mobil Corp.’s coup in securing access to OAO Rosneft’s Arctic oil frontier is the culmination of almost 15 years of effort by Chief Executive Officer Rex Tillerson to expand its position in Russia.
Exxon Mobil Corp. Chief Executive Officer Rex Tillerson may struggle to reach his full-year production target after rallying oil prices reduced the company’s take from wells in Africa and output slumped in the U.S. and Europe.
Some shale formations in Europe and China are impervious to drilling techniques that opened vast reserves of natural gas and oil from Texas to Pennsylvania, said Rex Tillerson, Exxon Mobil Corp.’s chief executive officer.
Exxon Mobil Corp. Chief Executive Officer Rex Tillerson is playing catch-up with a former rival, ex-BP Plc CEO Tony Hayward, in a race to tap oil riches in Iraq’s Kurdish region that dwarf the deep-water Gulf of Mexico.
Federal investigators must determine if BP Plc took risks “beyond industry norms” with the Gulf of Mexico well that exploded and caused the worst U.S. oil spill, Exxon Mobil Corp. Chief Executive Officer Rex Tillerson said.