ExxonMobil's focus on oil and gas production quality is paying off.
Following the acquisition of Pioneer Natural Resources, Exxon Mobil plans to streamline the workforce and implement cost-saving measures.
Darren Woods, Exxon Mobil CEO, says "the Trump administration can bring a common sense approach to the discussion, so I would encourage them to stay in the Paris Agreement."
Exxon Mobil CEO and chairman Darren Woods, while attending the COP29 climate summit on Tuesday, discussed the impact of President-elect Trump's energy policy on oil production outlook.
President-elect Donald Trump campaigned on a platform to significantly ramp up U.S. oil production and bring down the cost of energy, but the head of the nation's largest energy company is doubtful he can make good on that promise.
Top U.S. oil producer Exxon Mobil Corp has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately-owned Hilcorp Energy for around $1 billion, four sources familiar with the matter told Reuters.
The U.S. should continue to influence global climate change policy under a second Trump administration, Exxon CEO Darren Woods said. President-elect Donald Trump withdrew the U.S. from the Paris climate agreement in 2017 and is expected to do so again in his second term
Exxon Mobil CEO and chairman Darren Woods joins 'Squawk Box' to discuss the COP29 Conference in Azerbaijan, long-term approach to reducing emissions, impact of President-elect Trump's energy policy on oil production outlook, and more.
After a 24% rise since the beginning of 2024, at the current price of around $121 per share, we believe Exxon Mobil (NYSE: XOM), a leading explorer, producer, transporter, and seller of crude oil and natural gas - and North America's largest energy company by market cap - could see gains in the longer term with limited growth potential in the near term. XOM stock has increased from around $99 to $121 year-to-date.
In an interview, Exxon Mobil CEO Darren Woods says President-elect Trump's plan to pull U.S. out of the Paris agreement is a bad idea.
XOM concludes the purchase of FPSO Prosperity from SBM Offshore before the expiration of the maximum lease term of the FPSO.
The energy giant's strategy has fundamentally improved its ability to make money.