The New York Times reports: Rex W. Tillerson, the chief executive of Exxon Mobil, whose extensive deal-making for the energy giant has plunged him into global politics from Yemen to Russia, is expected to be offered the secretary of state post this weekend by President-elect Donald J. Trump, according to two people close to Mr. Trump’s transition team.
Mr. Tillerson, 64, has spent the past 41 years at Exxon, where he began as a production engineer and went on to strike deals around the world for a company that explores, buys and sells oil and gas in some of the globe’s most troubled corners.
Those travels have engendered close ties with a number of world leaders, notably President Vladimir V. Putin of Russia, who has known Mr. Tillerson for more than two decades, and who awarded him the country’s Order of Friendship in 2013. The next year, Washington’s relationship with Moscow was plunged into a deep freeze with Russia’s annexation of Crimea and its shadow war in eastern Ukraine, a problem that Mr. Tillerson would inherit. [Continue reading…]
“Exxon boosted its Russian holdings to 63.7 million acres in 2014 from 11.4 million at the end of 2013, according to data from U.S. regulatory filings,” reported Bloomberg in March 2014. “That dwarfs the 14.6 million acres of rights Exxon holds in the U.S., which until last year was its largest exploration prospect.”
Exxon, though headquartered in Irving, Texas near Dallas, is a sprawling “private empire” with assets spread across the globe. When asked about building more U.S. refineries to protect the U.S. economy and consumers from fuel shortages, former CEO and chairman Lee Raymond put Exxon’s view of itself and its loyalty to the U.S. bluntly.
“I’m not a U.S. company, and I don’t make decisions based on what’s good for the U.S,” Raymond is quoted as saying in the 2012 book Private Empire: ExxonMobil and American Power by Steve Coll. [Continue reading…]
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