FIRST AIRED: July 21, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 1

×

Transcript

00:00:02
>> A major confrontation brewing Friday between ExxonMobil, the world's largest publicly traded oil company, and the US government over the energy giant's deals with a Russian oil company while Secretary of State, Rex Tillerson, was still the company's CEO. The US fined Exxon $2 million Thursday for violating Russia sanctions.
00:00:21
Then Exxon quickly sued in response calling the fine quote, capricious and unlawful. The Treasury Department saying the heads of Exxon's US subsidiaries demonstrated quote, reckless disregard by signing documents in May 2014 with Igor Sechin, head of the Russian oil producer Rosneft. Just weeks after Session had been blacklisted by the United States.
00:00:42
Former President Barack Obama instituted tough sanctions against Moscow as punishment for Vladimir Putin's annexation of the Crimean Peninsula in Ukraine in the midst of the country's civil war. Exxon has long opposed the sanctions with Tillerson saying they hurt business at his confirmation hearing in January. The Secretary of State so far staying out of the fray.
00:01:03
His State Department referring questions on the matter to Exxon and the Treasury.