ExxonMobil CEO wins Pitts Energy Leadership Award

The Maguire Energy Institute at SMU Cox School of Business has honoured Rex Tillerson, Chairman and CEO of Exxon Mobil Corp., with the L. Frank Pitts Energy Leadership Award. Tillerson received the award at a luncheon ceremony on 14 January, at the Cox School's Collins Center.

The Energy Leadership Award committee selected Tillerson, who has helped steer ExxonMobil through four decades of dynamic growth, as this year's honouree because he represents the spirit of entrepreneurship, ethical leadership and energy industry innovation personified by L. Frank Pitts, the late oilman for whom the energy award is named. Proceeds from the awards luncheon will support both the Maguire Energy Institute and scholarships for students seeking to pursue energy industry careers.

"The Institute is proud to honour Rex Tillerson with this prestigious award," said Bruce Bullock, Director of the Maguire Energy Institute. "As CEO of the largest publicly-traded oil company in the world, Rex has been a transformative leader for our industry and for ExxonMobil. His efforts since taking the helm at ExxonMobil in 2006 serve as a benchmark for this industry in how to operate a company with integrity, deliver outstanding returns to shareholders no matter the price environment, and push the envelope of new technologies for the future."

The L. Frank Pitts Energy Leadership Award was created in 2010 to honour the legacy of Texas oilman and independent oil and natural gas producer L. Frank Pitts, who participated in the drilling of more than 3000 wells over almost seven decades.

Edited from press release by Angharad Lock

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