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" You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel. "

Rex Tillerson

Down

Know

Strength

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" Compromise on ethical conduct is not an option. "

" As a nation, we must unite in recognizing the mounting evidence that the U.S. is falling behind international competitors in producing students ready for 21st-century jobs. "

" The Boy Scouts, of course, had an influence on me because I learned about service in the community. "

" None of us live in a zero-risk world. "

Rex Tillerson

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" Throughout my life and career, I have continually been impressed with the importance of integrity - whether it was growing up as a Boy Scout, working in one of my first jobs as a university janitor, or being a leader in a Fortune 500 company. "

" If you ask the average person on the street about U.S. energy and U.S. oil in particular, our situation, most Americans would say, 'Oh, we're energy poor; we don't have enough oil; we don't have enough natural gas.' "

" The size of the resource prize has to be large to support the risked capital that has to be put in place. The Arctic is one of the few places left where we believe those opportunities exist. "

" Experience tells us that a good foundation is critical for success in the Arctic and elsewhere. ExxonMobil's Sakhalin-1 project with Rosneft is an example where we have put this experience to work. "

" Changes to weather patterns that move crop production areas around - we'll adapt to that. It's an engineering problem, and it has engineering solutions. "

" Oil demand is going to continue to grow as population grows. "

" You'd save millions upon millions of lives by making fossil fuels available to parts of the world that don't have it. "

" In conventional oil and natural gas production, you always produce a lot of formation water, and it's crummy water. It's real salty. It's got heavy metals in it. It's got bad stuff in it. "

" Valdez was a devastating experience for our corporation. What emerged from that was a commitment to develop a systematic approach to managing risk in advance. "

" All things come down to your personal relationships. "

" By the year 2040, the world's population is likely to increase by about 2 billion people, with also projected economic output will be up about 130 percent versus the year 2010. "

" Volunteering is a way to quickly become part of your new community, make connections, and start to feel at home. That doesn't just benefit the individual. It benefits the company, too. "

" Your personal integrity, once established and earned, people don't have to think about it. They know. They know you. They know you'll do the right thing every time. "

" Because we have a society that by and large is illiterate in these areas - science, math and engineering - what we do is a mystery to them, and they find it scary. And because of that, it creates easy opportunities for opponents of development, activist organizations, to manufacture fear. "

" We go out, we explore, we take risk. And our successes have to pay for all that. "

" When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption. "

Rex Tillerson

Picture

Energy

" You can be afraid of a lot of things that you don't understand. "

" Integrity is essential and irreplaceable. It is the most valuable asset for a person, a company, or a society seeking to build and progress. "

" There are still hundreds of millions, billions of people living in abject poverty around the world. They need electricity. They need electricity they can count on, that they can afford. They need fuel to cook their food on that's not animal dung. "

" More and more jobs are applying cutting-edge technologies and now demand deeper knowledge of math and science in positions that most people don't think of as STEM-related, including machinists, electricians, auto techs, medical technicians, plumbers and pipefitters. "