Darren Woods News

ExxonMobil CEO Darren Woods, in a Fortune interview last week, said, 'We have opportunities to make fuels with lower carbon in it, but people aren't willing to spend the money to do that.' Ergo, the public is to blame for still showing little intention of moving away from gobbling petro dishes. This is much like blaming people, not the easy availability of guns in the US, for gun crime — 'If they moved to knives, America would indeed have had gun control.' Or, as a climate economist put it, 'It's like a drug lord blaming everyone but himself for drug problems.' But let's take Woods' claim seriously for a minute.

Subscribe to enjoy similar stories. Latin America’s vast natural resources have been a draw for U.S. interests across history and industries—from Alexander Hamilton to President Donald Trump, and from Ford Motor to Exxon Mobil.

Exxon Mobil’s second-quarter profit rose and was its second-highest for the period of the past decade as it achieved record quarterly production from its Permian and Guyana assets

Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency's recent claim that using wide-scale carbon capture to fight climate change was an implausible «illusion», saying the same could be said about electric vehicles and solar energy. «There is no solution set out there today that is at the scale to solve the problem,» Woods told Reuters on the sidelines of the COP28 climate summit in Dubai. «So, you could say that about carbon capture today, you could say that about electric vehicles, about wind, about solar. I think that criticism is legitimate for anything that we're trying to do, to start with,» he said. While few commercially viable carbon-capture projects exist due to high costs, EVs now make up about 13% of the global new vehicle market, and solar and wind deployments have been expanding rapidly. Woods' appearance marked the first time a CEO of fossil fuel giant Exxon has attended one of the annual U.N.-sponsored climate summits, and reflected a growing effort among oil and gas companies worldwide to recast themselves as part of the solution to global warming, as opposed to a cause. The future role of carbon capture technology and fossil fuels is a key issue at the conference. The IEA, the West's energy watchdog, issued a report on Nov.

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas

By Sabrina Valle and Anirban Sen

Investing.com — ExxonMobil (NYSE:XOM) has reported lower-than-anticipated profit in the second quarter, as the largest U.S. oil major was hit by a decline in natural gas prices.

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