Exxon, Conoco Chiefs to Face U.S. Senators on Oil Industry Taxes
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Rex Tillerson, Exxon Mobil Corp.’s chairman and chief executive officer, and his counterparts at ConocoPhillips and Chevron Corp. will be quizzed by U.S. senators on a Democratic proposal to end industry tax breaks.
Senate Finance Committee Chairman Max Baucus, a Montana Democrat, called officials from five oil companies to testify before his panel on May 12. In addition to Tillerson, James Mulva of ConocoPhillips and John Watson of Chevron, the panel will hear from Marvin Odum, chief of U.S. operations for Royal Dutch Shell Plc, and H. Lamar McKay, who plays a comparable role for BP Plc, the committee said today in a statement.