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Exxon Mobil's (XOM) CEO Rex Tillerson Hosts Annual Shareholder Meeting (Transcr... Page 16 of 25
Malcolm Shaw
Okay. This Is second question. I'm noticing that Russia has signed a pack with Cuba to explore their fields and that's In our
backyard. I see that we are In China and we're off the coast of Angola communist countries. If there any way that we can drill
down In Cuba has to grow their share until the state department approves?
Rex Tillerson
Well, the current sanctioned law of United States will not allow us to participate in any activity in Cuba. There has been limited
exploration wells drilled offshore Cuba, none of them have been successful. So, it's questionable as to what the resource
potential offshore Cuba is, that's not been confirmed by anyone at this point.
Malcolm Shaw
My last question. On Page 3, of the Annual Report gives your picture, where did you get that green tie?
Rex Tillerson
I don't know if I had a green tie, maybe that would be Photoshop. I'm constantly wearing a wrong color of tie to the photo
opportunity. So, they have learned to Photoshop my tie color. Yes, sir, right down here in the front.
Unidentified Analyst
Thank you. (indiscernible) I will be back here. First, I want to say is thanks to you and all of the companies for doing such a
fine job with everything you do, I mean you make money that's in the game. So, thanks for doing that. However, I have few
other comments, number one is I talked two years ago about having more females on the Board of Directors, you still have
only two females, 17% that's not really very great. Mary Barra is now CEO at GM. We got people out there, there is a lot of
females around. If you look at some of statistics I have some from the UK and so that companies with more woman than boys
were found to outperform their vitals with the 42% high return out in sales, 66% higher return on invested capital, 52% higher
on equity.
I'm not sure if the numbers are right but they're not 2%, 5%, they're big numbers. Also, I suggested two possible females for
the Board of Directors to your company already, one of them is in Dallas, I have seen they're happy with that, I'm not sure
we're going with it. I really think we got to have more females and not only for Board of Director but also to the management of
the company. So, I hope you appreciate that and maybe we'll talk about this in future years.
The second thing is I also support the PVL policy having another 6, I think both for GE, LGVT people made progress with you
in terms of now allow them to have benefits because they're part of them. So, we're somewhat there, yeah I was sort of
shocked because I thought with that's ruling that you are forced to do certain things, you do certain things, did you did anything
else besides there. So, we're going to so far not the other way. It so reminds me of the boys scouts that you and Bob made
several years ago, they now have allowed girls in that girls scout in the troops so they made progress, I like to see that make
more progress also. And I do here some other comments that you want to right now things on the proposals correct?
Rex Tillerson
Correct.
Unidentified Analyst
Thank you, sir. Appreciate it very much.
Rex Tillerson
Thank you. Right here. Yeah, you're right here now. Yeah.
Julian Martinez - SER-Jobs for Progress National
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http://seekingalpha.com/article/2243043-exxon-mobils-xom-ceo-rex-tillerson-hosts-annual-... 8/2/2016