Trump's secretary of state will sell out of ExxonMobil
Donald Trump's choice for US secretary of state, Rex Tillerson, plans to sell out of his shares in the oil company ExxonMobil if he is approved for the job. Until the turn of the year, Tillerson was CEO of the company and has been criticized for his close ties to Russia.
BY NIKLAS KRIGSLUND, SHIPPINGWATCH
Rex Tillerson, former CEO of ExxonMobil, will sell shares worth USD 240 million in the oil company if he is approved for the position as secretary of state in Donald Trump's administration.
The multinational commodity trader navigated through a turbulent market in fiscal 2022, which ended in September, but nonetheless closed the year with a record result. Challenging conditions will carry on into 2023.
Serious dissatisfaction is emanating from European capitals regarding the Energy Charter Treaty for protecting fossil energy investments, thus prompting the EU Commission to assess its options for a collective exit.