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Exxon Mobil Is Built to Withstand Market Conditions: CEO

Tuesday, 5 Jun 2012 | 4:20 AM ET

Rex Tillerson, chairman and CEO of Exxon Mobil, told CNBC "We have clearly seen the effect of the sluggish economy on energy demand and that is a sluggish demand in the face of a well-supplied market and so it was expected that at some point prices would correct and we have seen that in the recent changes in the price of crude oil."