Exxon Mobil prevails in New York climate change lawsuit

Business Dec 11, 2019

Exxon Mobil prevails in New York climate change lawsuit

A judge on Tuesday ruled in favor of Exxon Mobil Corp. in a lawsuit brought by New York state accusing the oil company of hiding from investors the true cost of addressing climate change. Justice Barry Ostrager in Manhattan Supreme Court ruled that the state ...

U.S. will not give Exxon special permission to drill in Russia

World / Politics Apr 22, 2017

U.S. will not give Exxon special permission to drill in Russia

The United States will not make an exception for American companies, including Exxon Mobil, seeking to drill for oil in areas prohibited by U.S. sanctions on Russia, Treasury Secretary Steven Mnuchin said on Friday. The unusually direct statement served to clarify that the United States ...

Tillerson to cede control of $240 million in Exxon as Trump pick

World / Politics Jan 4, 2017

Tillerson to cede control of $240 million in Exxon as Trump pick

Rex Tillerson, former Exxon Mobil Corp. chief executive and President-elect Donald Trump's pick for U.S. secretary of state, will relinquish control of about $240 million in company shares if confirmed as he severs ties to comply with conflict-of-interest requirements. If confirmed, Tillerson will sell the ...

Trump selects Tillerson for State, dismissing Russia ties

World / Politics Dec 13, 2016

Trump selects Tillerson for State, dismissing Russia ties

President-elect Donald Trump planed on Tuesday to nominate Exxon Mobil Corp. chief Rex Tillerson for U.S. secretary of state, setting off a confirmation fight that puts the oilman's ties to Russian President Vladimir Putin — and Trump's own — in the spotlight. The nomination is ...