Rex Tillerson, former U.S. secretary of state and Exxon Mobil Corp. chairman who has clashed with President Trump since leaving the administration, said on June 5 he supports the president’s trade objectives “but may not support the tactical moves.”
Tillerson said he was concerned that pursuing bilateral trade talks around the globe could weaken Washington’s network of friends and allies, which he called “that very strong alliance that's been knitted together over the last 100 years.”
He also said he hopes that Chinese officials “don’t decide they can’t make an agreement with this administration and wait for the next one.”
Tillerson made a rare public appearance, speaking to about 500 energy executives at KPMG’s Global Energy Conference in Houston.
The company also said it expects to generate substantial free cash flow in 2018, allowing it to initiate a dividend in the first-quarter of 2019.
Ace Gathering Holdings LLC said March 6 it has completed its acquisition of Recoil Energy Systems LLC, a provider of crude oil reclamation services.
Reduced risk of well-to-well interference, optimized rock stimulation and maximized efficiency and utilization of surface equipment and crews were cited as benefits.