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.
Activist investor Carl Icahn may seek a special meeting to remove and replace board members, according to a lawsuit filed May 30 over Occidental Petroleum's pact to buy Anadarko.
Occidental last month beat out Chevron Corp. to grab the oil industry’s biggest prize: nearly a quarter million acres in the Permian Basin, the top U.S. shale field.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.