Exxon Mobil, after Trump's fundraising remarks, says its CEO and Trump had no phone call
Reuters
Published Oct 19, 2020 10:24PM ET
(Reuters) - Exxon Mobil Corp (NYSE:XOM) said there had been no phone call between its chief executive, Darren Woods, and President Donald Trump after the president invoked the company's name at a rally in Arizona on Monday when he said he could raise more money than his Democratic rival Joe Biden.
Trump, at the rally, said he could raise large sums of money if he wanted to by calling oil and Wall Street executives. He proceeded to paint a scenario of what he could do - though Trump said he would not actually make the kind of phone call he described.
"We are aware of the President's statement regarding a hypothetical call with our CEO…and just so we're all clear, it never happened," Exxon said on Twitter.
Trump told the rally: "Don't forget, I'm not bad at that stuff anyway, and I'm president. So I call some guy, the head of Exxon. I call the head of Exxon. I don't know."
Trump went on to describe a hypothetical conversation: "How are you doing? How's energy coming? When are you doing the exploration? Oh, you need a couple of permits?"
"When I call the head of Exxon I say, 'You know, I'd love (for you) to send me $25 million for the campaign.' 'Absolutely sir,'" Trump added.
"I will hit a home run every single call," Trump said. "I would raise a billion dollars in one day if I wanted to. I don't want to do that."
Trump, who has been trailing Biden in opinion polls, has also been trailing his Democratic rival in fundraising. Trump's re-election campaign and the Republican National Committee started the last full month before the Nov. 3 election with $251.4 million in cash, after raising $247.8 million in September. The intake was about $135 million less than what Biden raised in September.[nL1N2H70BP]
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.