Tillerson Discloses Global Assets of as Much as $400 Million
- Former CEO says he will recuse from Exxon matters for one year
- Exxon explores for oil and natural gas on six continents
Rex Tillerson Has Stakes in Some of Exxon’s Competitors
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Rex Tillerson, President-elect Donald Trump’s pick for U.S. secretary of state, disclosed assets worth as much as $400 million in a federal ethics filing that reflected investments spanning more than a dozen nations.
If confirmed by the U.S. Senate, Tillerson will recuse himself for a year from government decisions involving Exxon Mobil Corp., where he served as chairman and chief executive officer until Jan. 1, according to a separate filing posted by the Office of Government Ethics on Wednesday. Because the company explores for oil and natural gas on six continents, he may have a lot of recusing to do.