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    ExxonMobil CEO and chairman Rex W. Tillerson gives a speech at the annual Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Monday, Nov. 7, 2016

    ExxonMobil, Trump State Secretary Pick Tillerson Make Conflict-of-Interest Deal

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    The American oil company ExxonMobil and US President-elect Donald Trump's Secretary of State nominee Rex Tillerson have reached an agreement in order to comply with conflict of interest requirements, the company said in a statement Tuesday.

    MOSCOW (Sputnik) — Under the agreement, Tillerson would transfer the value of more than 2 million shares he owns to an independently managed trust and would give up over $4.1 million in bonuses.

    "The board of directors of Exxon Mobil Corporation (NYSE:XOM) has reached an agreement with Rex W. Tillerson, former chairman and chief executive officer, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state," the statement read.

    Tillerson resigned as ExxonMobil CEO on December 31.

     

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