Multiple media outlets are reporting that Rex Tillerson is expected to be nominated by President-elect Donald Trump as Secretary of State. Democrats have expressed concern over the possible nomination of Tillerson, who currently serves as CEO of Exxon Mobil Corporation.
Remarks made by Trump in June 2015 would suggest that Exxon Mobil and Tillerson stand to make a lot of money under President Trump. The comments came from an interview with Fox News’ Bill O’Reilly and a question about Trump’s plans for defeating ISIS.
After some back and forth between the two, Trump stated he plans to take back ISIS’s oil reserves.
“Well you bomb the hell out of them, and then you encircle it, and then you go in,” Trump explained. “And you let Mobil go in, and you let our great oil companies go in. Once you take that oil, they have nothing left.”
At one point, ISIS was generating $40 million per month from its oil sales, and in 2015 ISIS made $2.4 billion, comprising 25 percent of the terrorist group’s income.
If Tillerson’s Exxon Mobil receives the contract to export ISIS oil, it would be a significant payday for the company and its stockholders. SEC ownership filings show that Tillerson owns 2,618,856 shares of ExxonMobil stock, which translates to $233,078,184 as of Friday, December 9, 2016.
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