he was actually elected the president of exxonmobil in 2004 at the age of 52. at the age of 54, in 2006, he became the chairman and c.e.o.. during that period of time, exxonmobil was having record profits and capitalization. each of the three years he has been the ceo, they have had record profits. last year, the had profits of $45.2 billion. no country has ever had a bigger profit than that. at one point during his tenure, the capitalization of exxonmobil went to $500 billion, the highest of any company in the history of the world in market capitalization. the market has come down a little bit, but capitalization today of exxonmobil is $330 billion, by far the highest market capitalization of any company in the united states. microsoft is second. the highest market capitalization of any company in the world. it is an incredible feat that he has done. admittedly, the company was not exactly down in the dumps when he took over. he has done a number of things including increasing profitability, but he has done a number of things to engage exxonmobil in the issues

and now the exxonmobil chairman on u.s. energy policy.esterday to the economic club of washington for about one hour. >> we're going to start with our program now. if everyone could please take their seats. i said earlier we are very proud to have our next guest. rex is a native texan, if this generation texan educated at the university of texas, graduated in 1975, and had two choices in jobs. he took the lower paying job to go into a company called exxon. over 34 years he managed to work his way up to a senior position. he was actually elected the president of exxonmobil in 2004 at the age of 52. at the age of 54, in 2006, he became the chairman and c.e.o.. during that period of time, exxonmobil was having record profits and capitalization. each of the three years he has been the ceo, they have had record profits. last year, the had profits of $45.2 billion. no country has ever had a bigger profit than that. at one point during his tenure, the capitalization of exxonmobil went to $500 billion, the highest of any company in the history of

that is the basis of the deal, then exxonmobil in your country can i do business, and we just have to get up and walk away. we do that more often than people probably realize. the interesting part of the rest of the story is that more often than people realize, as time goes by, the government calls us back and ask why we have not come back to see them. we say we told you cannot do the deal under those terms. they say we need to come back and talk to them. we pick up the conversation, and those questions are never asked us again. because it is not illegal for companies from certain countries to engage in certain activities, the government just want to ensure they are getting everything they can get. when they understand we cannot do that, if the deal is sound and they really want us there, we get the deal done and do not have those issues. >> does anybody have a question? there must be some question somewhere. >> there is one in the back. >> some senators just came out with their bill yesterday and the epa came out with the rule. i am wondering if you could comment on the specific impa

exxonmobil in torrens, california, and in baton rouge contributing to a rise in gasoline futures. that also helped oil prices rallying here. add to that, they are still looking at this $70 mark as being an important magnet. we've been trieding around this level for the better pardon p-- part of a week. we're settling in this turnaround above 70 bucks. back to you j thank you, sharon. final oil trades coming in. big reversal. we'll stay on top of it, and we're going to stay on top of everything. so what do we have coming up? lots more stuff. the dow up 115 points now. sell your company in 140 characters or less. that's what happened when one man started tweeting about his company being for sale. remember we teased you on this one. well, we're going to get some cyber history. the man who sol his company using twitter joining us next. you're watching cnbc. someday, cars will be engineered using nanotechnology to convert plants into components. the first-ever hs hybrid. only from lexus. the same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced t

we'll get another look at sector tomorrow from the world's largest publicly traded company, exxonmobilhomes unexpectedly fell 3.6% in september. economists were expecting a solid gain. comes after five consecutive increase and also gets the first reading on gross domestic product in the first quarter. economist are expecting the first increase in more than a year. >> thank you, steph. >>> most of us think of a somer cottage we may think of a cozy place, water, mountains, not the pillsbury cottage. it is 7,000 square feet and it could be yours. @@@@@@@@ >>> a 21-year-old man accused of killing football football player jasper howard has been charged. a total of four men have been arrested for their alleged role in the murder. hakim muhammad was also formerly charged today, charged with conspiracy to commit assault. none of the four suspects is a student at university of connecticut. howard was stabbed to death october 18th during a fight outside of his dance on campus. the entire uconn football team attended his funeral monday in miami. >>> cops have arrested three more people i

and big news from exxonmobil, go to cnnmoney.com and see how much money they made or didn't make lost quarter. it's less than last year. >> poppy harlow, you enjoy that subway. good to talk to you. >>> a former female writer with david letterman is breaking her silence on what it was like to actually work there. in an exclusive interview with joy behar, she said she never slept with any staffers at the letterman show. she says she walked away from her dream job because it was a hostile work environment. >> what's going on that made you leave? you loved the job and the show? something was going on that made you feel uncomfortable. >> it was just a situation where i was -- you talked about it on "the view" yourself. if you're doing your job and you're working hard and you're in the middle of a soap opera, then that's not -- i wasn't going to thrive professionally. i didn't get the memo as a young girl that said, you should have low self-esteem and put up with crap. so i just -- i quit. >> all of this coming after david letterman admitted having a relationship with staffers. catch "the j

[applause] what this issue is about is are we, finally, going to tell our friends at exxonmobil and otheroil companies that their day has come and we're going to move to energy independence so we do not need to go to war in iraq for oil. [applause] we're going to save loud and clear as five lautenberg did for his grandchildren and my own that we're not going to create a situation where global warming creates a viet magic created disaster in terms of the flooding, drought, honker ,hunger, and a national security issues. we're going to cut back substantially on greenhouse gas emissions. last, but not least, in the midst of the worst economic recession since the 1930's, we are saying today that we have the potential to create millions of good paying jobs as we move to energy efficiency, as we move into such sustainable energies as wind, solar, biomass, geothermal. we can do that in the united states of america. we can lead the world in those technologies. [applause] business bill perfect? now come it is not. does it have to be made stronger? it does. with your support and the support of mill

exxonmobil said it made 4.7 billion dollars last quarter. is down 70% from the same quarter a year ago, when it made report of $14 billion. last quarter, oil was about $50 less a barrel than it is trading today. >>> finally today the 80th anniversary of an event called black tuesday. on october 29th 1929, the stock market crashed. the event that kicked off the great depression. that day, the dow lost a whopping natasha, wait for it -- 30 points. but that's the equivalent of an 1100-point drop today. and yes, trading would be halted before we got do that level, thankfully. >> and so many so many banks, thousands and thousands of banks closing back then, too. >> it was a panic. and there was no fdic then. so your deposits weren't insured. and that of course exacerbated the fear that was already present when the stock market crashed. >>> exactly. well susan live from the new york stock exchange, thank you so much. >>> you're welcome. >>> a navy plane with two crew members on board is now missing. one of the ways the coast guard is trying to rea