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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.
In 1999, with the merger of Exxon and Mobil, he was named executive vice president of ExxonMobil Development Company. In 2004, he became president and director of ExxonMobil. [30] Upon this appointment Tillerson's replacement of Lee Raymond as CEO of Exxon Mobil was implied. [31] His major competitor was Ed Galante, another Exxon executive. [32]
The top five US-based oil and gas companies by market cap, according to S&P Global — ExxonMobil (XOM), ... Exxon CEO Woods’ compensation rose an eye-popping 56% in that span, from $23.6 ...
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 ...
Lee Roy Raymond (born August 13, 1938) is an American businessman and was the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and served as president from 1987 and a director beginning in 1984.
Exxon Mobil CEO Darren Woods, left, listens with other oil company executives as then-President Trump spoke in the White House in 2020. (Evan Vucci / Associated Press)
In 1985, he was named president of the corporation; and in 1987, he became chairman and CEO, taking over from Clifton C. Garvin. During his tenure as head of Exxon, he moved the corporate headquarters from New York to Irving, Texas , increased reserves, and expanded the chemical operations of the corporation.