Great - another liar in our government:
In May 2014, Tillerson told reporters that the sanctions had no impact on Exxon’s business in Russia, The Associated Press reported at the time.
“There has been no impact on any of our business activities in Russia to this point, nor has there been any discernible impact on the relationship,” he told reporters in 2014, the AP reported. “The organizations continue to work business as usual.”
Tillerson also said that he believed sanctions were ineffective and opposes them. He said he spoke with U.S. officials about his views.
But as 2014 continued, Exxon did start to feel the effects of sanctions. As Bloomberg reports, Exxon could not continue drilling at a well a mile below the surface off the Siberian coast. It was estimated that the well could have pumped out a billion barrels, worth about $97 billion at the time. After the sanctions were imposed, Exxon packed up the drilling rig.
In October 2016, OilPrice.com reported that ExxonMobil lost $1 billion due to the sanctions.
while he could be good for NADL, definitely an issue with his Exxon stock:
When
The Wall Street Journal reported on December 6 that Tillerson was being considered for a role in the Trump administration, the paper noted that most of his holdings of Exxon shares won’t vest for a decade and the value of these would only go up if Russian sanctions were dropped.