Tillerson’s Appointment Brings Scrutiny to an Exaggerated Russia and ExxonMobil Connection
13 Jan 2017
Strong reservations about Rex Tillerson as the proposed Secretary of State stem from his close relationships with President Vladimir Putin of Russia and members of the country’s elite. As the representative of one of the largest publically traded companies in the world, it is natural that Mr. Tillerson formed connections with Russia’s oil and gas executives while he led Exxon Mobil’s Russian subsidiary in the 1990s. Yet these personal relationships have not resulted in significant returns for Exxon Mobil’s shareholders; in fact, Russia contributes less than 1.5% to the company’s current production, with no new projects in the pipeline.
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