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Wed.Mar 9 2011

Exxon'sTillersonblamesBP for Gulf oil spill

HOUSTON, MargtlI (Reuters)- E>o<on Mobllqgrp (XOM.N: Quota,Profite, Research, StockBuzz)chief Executive Rex Tillerson last said on Wednesday year'sGulf of Mexicooil spilldisaster was primarily faultot eb Flc management.. ihe "ltwas a breakdownof managementoversig.ht," Tillerson said at a newsconference follgwing company's the analyst Il you do thingsthe properwaythesekindof thingsdo not happei meetingin New York. 'qwhen ll Tillerson made his remarks.a afterBP (BP.L:Quote,Profile,Research, day stock Buzz)chief Executive RobertDuonJf conference told an.energ.y that the incident thatwas not a "one-in-a-million occunence" inOustry-wid" and needed. alsosaid he believed did notact in a negligent Dudley BP manner. "ft*S;iJi" [lD:nN08196616] But the Tillerson, head of the wodd'slargestpublicly the tradedoil company, took issue,,calling Dudley,s remarks great "a disservice the industry." to BP'smile-deep Macondowell ruptured April20, trig-gering explosion on an aboardthe Deepwater Horizon drillingrig that killed11people,spewedmorethan4 million barrelsof.oil the sea andspurred morrtirs-long on U.S.da;;;G, into a ban (Reporting Anna Driver;Editingby SteveOrloftky) drilling. by @Thomson Reuters2011 All rightsreserved. Usersmay dorivnload printextracts contentfromthiswebsitefor their and of prsonal ovvn and non-commercial only.Republication redistrlbution Thomson use or of fleuterscontent,includino bv framingor similarmeens,.is prohibited expressly withoutthe priorwrrtten consentof Thornson Reuters. inomsonh"'rt"o registered and its logo are trademarks hademarks lhe ThomsonReuters or of groupof companies aroundthe world. Thomson Reutersjoumalistsare subjectto an Editoriat Handbook whichrequires presentation disclosure fair and of relevant interests. ThiscoPyis for your personal, non-crmmercial only.To orderpresentation-redy use coplesfor distribution colleagues, to clientsor customeE|, the Raprints us tool at ihe top of any articleor visit www.reutersreprints.com.

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