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Prior to becoming CEO, Woods ran the refining and chemical divisions of the company, which delivered the majority of ExxonMobil's $7.8 billion net income in 2016. [8] At an investor meeting in New York in 2017, Woods outlined his growth plan including drilling in the Permian Basin of Texas and New Mexico and the Bakken shale formation in North ...
(Reuters) -Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss.
ExxonMobil formed its Product Solutions division in 2022, combining its previously separate Downstream and Chemical divisions into a single company. [36] On Oct. 1 2024, Nigeria approved the $1.28 billion sale of Exxon Mobil's onshore assets to Seplat Energy, more than two years after the deal was first agreed upon in February 2022 [37]
Exxon Mobil Corporation (NYSE:XOM) shares are trading higher after the company reported fourth-quarter results. Total revenues and other income stood at $83.4 billion, missing the consensus of $86 ...
Exxon Mobil is No. 3 on the Fortune 500 and the largest gas and oil corporation in the U.S., having posted a $36 billion profit in 2023. The firm has “tabled proposals" with governments ...
ExxonMobil (NYSE: XOM) has built a premier oil company. The energy giant has an unrivaled asset base. The energy giant has an unrivaled asset base. It controls a treasure trove of low-cost oil and ...
ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry.A direct descendant of John D. Rockefeller's Standard Oil, the company traces its roots as far back as 1866 to the founding of the Vacuum Oil Company, which would become part of ExxonMobil through its own merger with Mobil during the 1930s.
After a tough year that saw upstream production drop 1.5% and downstream profits collapse a whopping 72%, ExxonMobil and its investors are hoping for a turnaround. For this to materialize, several ...