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Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million.

Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.

BP Chief Executive Bob Dudley accused some politicians and the media on Monday of being too hasty to pin all the blame on his company for the devastating Gulf of Mexico spill - and emphasized the need for deep-water drilling.

Tony Hawyard, BP's CEO who's quickly become the public face of the Gulf Oil spill, will be stepping down, according to reports in the British press.

In prepared testimony before a House panel that is expected to question him harshly Thursday, BP chief executive Tony Hayward says the oil spill disaster in the Gulf of Mexico "never should have happened" and has left him ...

The global aviation industry has agreed to cut its net carbon emissions to half 2005 levels by 2050 under a plan to be set out on Tuesday by British Airways chief, Willie Walsh.