We are investing heavily in conventional oil and natural gas, which is the business we are in. We are not in those other businesses.
More Quotes from Rex Tillerson:
This is an industry that lives in cycles. The price environment we're in today is not sustainable.Rex Tillerson
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.
Rex Tillerson
By practically every measure, 2005 was an outstanding year.
Rex Tillerson
Exxon Mobil today accounts for a smaller global market share than Exxon and Mobil did together eight years ago.
Rex Tillerson
In our view, ROCE (return on capital employed) continues to be the best overall measure of financial performance given the long-term capital -intensive nature of our industry. I would be cautious of anyone who tries to de-emphasize it. Some seem to have focused on other metrics to guide what they view to be in the best interest of their shareholders.
Rex Tillerson
Simply put, it works. The Exxon Mobil culture is something that a lot of people would like to understand better. I'm not really going to help them understand it, because it's the source of our competitive advantage.
Rex Tillerson
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