EnergyWatch

New ExxonMobil CEO will expand and make a green mark

Business will be sped up at one of the world's largest oil companies after its former CEO has joined the Trump administration and a new chief executive takes over.

Photo: /ritzau/Jacob Ehrbahn

The new CEO of oil major ExxonMobil, Darren W. Woods, has presented plans for large investments in everything from Texas to Guyana in South America, and he also supports green initiatives, reports the New York Times.

The chief executive, replacing Rex Tillerson after his appointment as Secretary of State, thus presents a more aggressive approach to the market than rival energy majors, which are increasingly scaling down their capital investments.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs