78 Quotes by Rex Tillerson

We are investing heavily in conventional oil and natural gas, which is the business we are in. We are not in those other businesses.

What we support is continued efforts to understand the problem better. We need to work harder on articulating our views, and we're going to try to do better at that in the future.

This represents the 12th consecutive year of greater than 100 percent reserves replacement.

When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption.

Experience tells us that a good foundation is critical for success in the Arctic and elsewhere. ExxonMobil's Sakhalin-1 project with Rosneft is an example where we have put this experience to work.

Exxon Mobil today accounts for a smaller global market share than Exxon and Mobil did together eight years ago.

With respect to the committee's specific question -- whether mergers and acquisitions in our industry have contributed to higher prices at the pump -- the answer is no.

You have to put a question mark around just how long the global economy can live at $60 a barrel.

Projects still require years to develop, cost billions of dollars to bring on stream and operate for decades.