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☆ How Trump policies may boost and burden energy stocks and crude oil, all at the same time
▼ + stars: | 2024-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

While oil stocks tend to follow the direction of crude prices, the energy sector has gained 3.6% since election day, slightly outpacing the S & P 500. Conflicting signals The crude futures market and the oil and gas stocks appear to be taking different messages from Trump's victory. Since the election, natural gas stocks have been big winners on the prospect of more pipeline permitting. The oilfield services companies are also major beneficiaries under a Trump administration, West said. Oil surplus headwind More ominously, an oil and gas production boom under Trump would lower crude oil prices and likely act as a headwind for the industry.

Persons: Donald Trump's, Brent, Andrew Dittmar, Trump, Dittmar, Biden, James West, EQT, Kinder Morgan, West, Baker Hughes, Halliburton, Lee Zeldin, Zeldin, Russia —, Morgan Stanley, Wells, Roger Read, Darren Woods, I'm, Woods, CNBC's Organizations: West Texas Intermediate, Enverus Energy Intelligence, Republican, White, American Petroleum Institute, Oil, Gas, ETF, Interior Department . Offshore drillers, Noble Corporation, Evercore ISI, Pipeline, Williams Companies, Cheniere Energy, Industries, Trump, SLB, New, New York GOP, Environmental Protection Agency, Fox News, Biden, EPA, " Companies, Investors, Department of Energy, CNBC, Exxon Mobil, Exxon, Chevron, White House, Capitol, ISI Locations: China, Gulf of Mexico, Tidewater, Transocean, Gulf, Trump, New York, U.S, Saudi Arabia, Russia, Wells Fargo

☆ Exxon CEO says Trump should keep U.S. involved in global effort to address climate change
▼ + stars: | 2024-11-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump should keep the U.S. involved in global efforts to address climate change, Exxon Mobil CEO Darren Woods said Tuesday. Climate Change Conference and "continue to have the U.S. influence policy around the world," Woods told CNBC's "Squawk Box" on Tuesday. Trump withdrew the U.S. from the Paris climate agreement in 2017 and is expected to do so again in his second term. "I'm not sure how 'drill, baby, drill' translates into policy," Woods told CNBC's "Squawk Box" on Nov. 1, referencing one of Trump's campaign slogans. Exxon's production levels are based on how much money the company can return to shareholders, not which political party is on office, he said.

Persons: Donald Trump, Darren Woods, Trump, Woods, CNBC's, Joe Biden, Wood, I'm, Biden Organizations: Exxon Mobil, Exxon, Economic, of New, CNBC, U.S Locations: U.S, Baku, Azerbaijan, Paris, of New York

☆ Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.
▼ + stars: | 2024-11-12 | by ( Catherine Boudreau | Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Trump has said he plans to bring down gas prices by boosting US oil production. AdvertisementDuring the presidential campaign, Trump said that he planned to lower energy prices — including the cost of gas — by increasing US oil production. Cahill added that he expects the US to increase oil production, but it will happen gradually. However, he said boosting oil production while keeping prices at a desired level is a "delicate balance" for the industry. "If oil prices drop, you're likely to see a natural decline in US oil production over the long run," he said, adding, "Oil companies have shareholders to be accountable to."

Persons: Trump, Darren Woods, —, Donald Trump's, Semafor, Ben Cahill, Cahill, Woods, Patrick De Haan, Joe Biden Organizations: ExxonMobil, Service, Energy, University of Texas, US Energy Information Administration, CNBC, Trump, OPEC, US, Wall Street, Exxon Locations: China, Austin, Gulf, Mexico, Paris

☆ Exxon Mobil CEO Darren Woods: The world needs to have a long-term approach to reducing emissions
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods: The world needs to have a long-term approach to reducing emissionsExxon 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.

Persons: Darren Woods Organizations: Exxon Mobil, Conference Locations: Azerbaijan

☆ Exxon Mobil CEO Darren Woods on Q3 results: Company transformation is beginning to manifest itself
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q3 results: Company transformation is beginning to manifest itselfExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which beat third-quarter earnings expectations as the oil major reached its highest liquids production level in more than four decades, oil production outlook, impact of 2024 election, California lawsuit, and more.

Persons: Darren Woods Organizations: Exxon Mobil Locations: California

☆ Exxon Mobil CEO Darren Woods on Q2 results: Reflects our work over the last 7 years
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q2 results: Reflects our work over the last 7 yearsExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, state of arbitration with Hess, energy policy, and more.

Persons: Darren Woods, Hess Organizations: Exxon Mobil

☆ Exxon Mobil CEO Darren Woods on getting to net zero by 2030 and Pioneer deal
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on getting to net zero by 2030 and Pioneer dealExxon Mobil CEO Darren Woods joins 'Squawk on the Street' to discuss the oil industry, the Pioneer deal, and low carbon business.

Persons: Darren Woods Organizations: Exxon Mobil

☆ 'Shark Tank' star Kevin O'Leary says pro-Palestinian student protesters are 'screwed' when they apply for jobs because employers will identify them through AI
▼ + stars: | 2024-05-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

The "Shark Tank" host said employers could identify applicants who joined in the protests using AI. Advertisement"Shark Tank" host and investor Kevin O'Leary says pro-Palestinian student protesters will be "screwed" when they start job hunting. That goes in this pile over here, cause I can get the same person's talent in this pile that's not burning anything," O'Leary told Fox News' The Five on Wednesday. So if you're burning down something, or taking a flag down, or fighting with police, I'm sorry, you're trashing your personal brand," O'Leary told CNN's Laura Coates. "Harassment and intimidation, there's no place for that, frankly at those universities, and certainly no place for that at a company like Exxon Mobil," Woods told the outlet.

Persons: Kevin O'Leary, —, O'Leary, CNN's Laura Coates ., O'Leary isn't, Darren Woods, Woods, Winston, Strawn Organizations: Service, Palestinian, Fox News, CNN, BI, Columbia University, UCLA, Exxon Mobil, CNBC, New York University, Hamas Locations: Gaza, Israel

☆ Exxon Mobil CEO: Guyana will go down as one of the best deepwater developments in industry history
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO: Guyana will go down as one of the best deepwater developments in industry historyDarren Woods, Exxon Mobil chairman and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, importance of the company's Guyana assets, oil demand outlook, impact of geopolitical tensions on oil prices, and more.

Persons: Darren Woods Organizations: Exxon Mobil CEO, Exxon Mobil Locations: Guyana

☆ Big Oil’s green-bashing stokes backlash as campaigners hit out at 'talking points from the 1970s'
▼ + stars: | 2024-03-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Aramco and Saudi ministry officials have previously advocated for ongoing investment in hydrocarbons to avoid energy shortages until renewables can fully meet global energy demands. Nasser's comments drew applause from the audience at CERAWeek — an annual energy conference by S&P Global that's known as the "industry's Super Bowl." Other oil and gas executives at the event echoed Nasser's views, but spoke less directly about the state of the energy transition. Separately, Exxon Mobil CEO Darren Woods on Monday said that demand for petroleum products is "still very, very healthy." And the impact that price has on demand," Woods told CNBC's "Squawk on the Street."

Persons: Amin Nasser, Nasser's, Wael Sawan, Darren Woods, hasn't, Woods, CNBC's Organizations: Aramco, Saudi, Shell, Reuters, Exxon Mobil Locations: Houston , Texas, Saudi Aramco, Europe

☆ Exxon CEO: Demand for petroleum still 'very healthy' despite global economic challenges
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon CEO: Demand for petroleum still 'very healthy' despite global economic challengesExxon Mobil CEO Darren Woods joins 'Squawk on the Street' to discuss if the U.S. is underestimating oil demand, how to understand petroleum demand better, and if there needs to be a fundamental understanding of how the energy transition will play out.

Persons: Darren Woods Organizations: Exxon, Exxon Mobil Locations: U.S

☆ Watch CNBC's full interview with Exxon CEO Darren Woods
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Exxon CEO Darren WoodsExxon Mobil CEO Darren Woods joins 'Squawk on the Street' to discuss if the U.S. is underestimating oil demand, how to understand petroleum demand better, and if there needs to be a fundamental understanding of how the energy transition will play out.

Persons: Darren Woods Organizations: Exxon, Mobil Locations: U.S

☆ Exxon Mobil CEO Darren Woods on Q4 earnings: Another step in improving the business and company
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q4 earnings: Another step in improving the business and companyExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported an earnings beat but falling short on revenue expectations, impact of Guyana-Venezuela dispute, and more.

Persons: Darren Woods Organizations: Exxon Mobil Locations: Guyana, Venezuela

☆ Time to say 'the F-words'? A fossil fuel fight takes center stage at the COP28 climate summit
▼ + stars: | 2023-12-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty ImagesDubai, UNITED ARAB EMIRATES — A fight over the future of fossil fuels has been thrust into the global spotlight at the COP28 climate summit. "Unabated" fossil fuels are largely understood to be produced and used without substantial reductions in the amount of emitted greenhouse gases. "[It is] important to say that more fossil fuels equal more loss and damage, so these two issues are actually quite intertwined." Notably, at last year's COP27 conference in Egypt, more than 80 countries supported a fossil fuel phase-out commitment in the final agreement.

Persons: Sultan al, Jaber, Sean Gallup, Johan Rockstrom, There's, Darren Woods, Catherine Abreu, Abreu Organizations: Getty, Getty Images, UNITED, EMIRATES, Potsdam Institute, Climate, Climate Impact Research, CNBC, AG, United Arab, Oil, Exxon Mobil Locations: Dubai, United Arab Emirates, Getty Images Dubai, COP28, Salzgitter, Germany, Russia, Egypt

In this year's gleaming host city of Dubai, billboards advertise the benefits of wind energy, climate ambition and Exxon Mobil's (XOM.N) carbon capture projects. This is seen by some as a sign of success and by others as a dangerous distraction from the business of combating climate change as over nearly three decades global oil demand, carbon emissions and temperatures have marched steadily upward. "It's a lobby fest where polluters can schmooze with politicians, all under the guise of tackling climate change," Pascoe Sabido, a researcher at the Corporate Europe Observatory, which scrutinizes corporate influence on policy-making, said. Delegates walk at the Dubai's Expo City during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 4, 2023. For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: Exxon Mobil's, Pascoe Sabido, Alden Meyer, Meyer, Lisa Jacobson, Jacobson, Thaier, We're, –, Daniel Lund, Joko Widodo, COP28, Jake Schmidt, Darren Woods, General Antonio Guterres, Al Gore, Valerie Volcovici, Katy Daigle, Kate Abnett, Sarah McFarlane, Bernadette Christina, Richard Valdmanis, Alexander Smith Organizations: Exxon, Corporate, Observatory, United Nations, Business Council, Sustainable Energy, Global Strategic Communications Council, Change, United Arab Emirates, REUTERS, Natural Resources Defense, Exxon Mobil, Drillers, U.S, Reuters, Thomson Locations: DUBAI, Dubai, Berlin, The Hague, COP28, United Arab, Fiji, Indonesia, China, UAE

Former U.S. Vice President Al Gore speaks during an interview with Reuters at the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 3, 2023. REUTERS/Amr Alfliky Acquire Licensing RightsDUBAI, Dec 3 (Reuters) - Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE - host of the COP28 climate summit - saying its position as overseer of international negotiations on global warming this year was an abuse of public trust. "They are abusing the public's trust by naming the CEO of one of the largest and least responsible oil companies in the world as head of the COP," Gore said. That data came from a coalition he co-founded called Climate TRACE, which uses artificial intelligence and satellite data to track carbon emissions of specific companies, Gore said. "The current state of the technology for carbon capture and direct air capture is a research project," Gore said.

Persons: Al Gore, Amr Alfliky, Sultan al, Jaber, Gore, Darren Woods, There's, Valerie Volcovici, Will Dunham Organizations: U.S, Reuters, United Nations, Change, United Arab Emirates, REUTERS, Rights, Sunday, Democratic Party's, Exxon Mobil, Thomson Locations: Dubai, United Arab, UAE

☆ Al Gore Slams COP28 Climate Summit Host UAE, Says Its Emissions Soared
▼ + stars: | 2023-12-03 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +2 min

By Valerie VolcoviciDUBAI (Reuters) - Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE - host of the COP28 climate summit - saying its position as overseer of international negotiations on global warming this year was an abuse of public trust. "They are abusing the public's trust by naming the CEO of one of the largest and least responsible oil companies in the world as head of the COP," Gore said. That data came from a coalition he co-founded called Climate TRACE, which uses artificial intelligence and satellite data to track carbon emissions of specific companies, Gore said. Gore urged delegates to agree to language in the final text issued at the summit to phase out fossil fuels, without caveats or mentions of carbon capture technology. "The current state of the technology for carbon capture and direct air capture is a research project," Gore said.

Persons: Valerie Volcovici DUBAI, Al Gore, Sultan al, Jaber, Gore, Darren Woods, There's, Valerie Volcovici, Will Dunham Organizations: Reuters, U.S, Sunday, Democratic Party's, Exxon Mobil Locations: UAE, Dubai

☆ Exxon Mobil CEO urges COP28 to focus on reducing emissions — not phasing out fossil fuels
▼ + stars: | 2023-12-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

There's also an ongoing debate about whether an agreement should center on "abated" fossil fuels, which are trapped and stocked with carbon capture and storage technologies, or "unabated" fossil fuels, which are largely understood to be produced and used without substantial reductions in the amount of emitted greenhouse gases. "We cannot save a burning planet with a firehose of fossil fuels," Guterres said. "The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels. Not everyone is on board with calls to phase out fossil fuels, however. An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203.

Persons: Darren Woods, There's, Steve Sedgwick, Woods, U.N, António Guterres, Guterres, Phaseout, David Paul Morris, Exxon Mobil's Woods, Tengku Muhammad Taufik, I'm Organizations: UNITED, EMIRATES, Exxon Mobil, United Arab Emirates, United Arab, Exxon Mobil Corp, Economic Cooperation, APEC, Bloomberg, Getty Images Bloomberg, Getty, Exxon, Big Oil, Petronas, Natural Resources, Mobil Locations: Dubai, COP28, Russia, United Arab Emirates, Asia, San Francisco , California, San Francisco, China, UAE, Washington , DC

☆ Exxon Mobil CEO Darren Woods discusses low-carbon solutions at COP28
▼ + stars: | 2023-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods discusses low-carbon solutions at COP28Exxon Mobil CEO Darren Woods discusses low-carbon solutions and the "evolving landscape" of new technologies to achieve the green transition at COP28.

Persons: Darren Woods Organizations: Exxon Mobil

☆ COP28: Exxon Mobil CEO rebuffs IEA criticism of carbon capture strategy
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +3 min

Darren Woods, CEO of ExxonMobil, reacts at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. "So, you could say that about carbon capture today, you could say that about electric vehicles, about wind, about solar. The future role of carbon capture technology and fossil fuels is a key issue at the conference. Exxon has announced $17 billion of investment in its low carbon business, which includes carbon capture, and has argued that greenhouse gas emissions are the problem causing climate change, not the fossil fuels themselves. Woods declined to provide details of the contracts, but said U.S. subsidies in last year's Inflation Reduction Act of up to $85 a ton for carbon capture and sequestration would make the investments profitable.

Persons: Darren Woods, Carlos Barria, Woods, EVs, We're, Richard Valdmanis, Katy Daigle Organizations: ExxonMobil, Economic Cooperation, REUTERS, Rights, Exxon Mobil, International Energy, Reuters, Exxon, IEA, Thomson Locations: Asia, San Francisco , California, U.S, Dubai, Gulf of Mexico, United States

☆ Exxon Mobil CEO Darren Woods on Q3 results, global oil demand and energy outlook
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q3 results, global oil demand and energy outlookExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, global oil demand, headwinds facing the company, energy outlook, and more.

Persons: Darren Woods Organizations: Exxon Mobil

☆ Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger
▼ + stars: | 2023-10-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Pioneer shares were up nearly 2% in premarket trading, while Exxon was down more 2%. As part of the agreement, Pioneer stockholders will receive 2.3234 shares of Exxon for every Pioneer share they own. Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Since then, Pioneer shares are up more than 10%. Exxon shares have also struggled in 2023, climbing modestly.

Persons: Darren Woods, Woods, Scott Sheffield Organizations: Exxon, Exxon's, Mobil, Exxon Mobil, Natural Resources, Pioneer, Street

☆ Watch CNBC's full interview with Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren WoodsPioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods join 'Squawk Box' to discuss Exxon Mobil's deal to acquire Pioneer Natural Resources, an all-stock merger valued at $59.5 billion or $253 a share, how the deal came about, potential regulatory hurdles, and more.

Persons: Scott Sheffield, Darren Woods Organizations: Natural Resources, Exxon Mobil, Exxon

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. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion. Exxon Mobil Corp. has been using some of that cash on acquisitions. In July the company announced that it was buying pipeline operator Denbury in an all-stock deal valued at $4.9 billion. In 2020 the company said it was buying Parsley Energy in an all-stock deal valued at approximately $4.5 billion.

Persons: Darren Woods, Scott Sheffield, Citi's Alastair Syme, Syme Organizations: Exxon Mobil, Natural Resources, Mobil, Exxon, XTO Energy, U.S . Energy Information Administration, Midland Basin, ExxonMobil, Pioneer, “, Exxon Mobil Corp, Parsley Energy, DoublePoint Energy Locations: West Texas, Texas, New Mexico, Delaware, Midland, U.S

☆ Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion. Here's what the pros have to say
▼ + stars: | 2023-10-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Exxon Mobil from investors and analysts. The pros, including Jim Cramer , discussed the massive U.S. oil and gas producer after the company agreed to buy its shale rival Pioneer Natural Resources in an all-stock deal for $59.5 billion. Scott Sheffield, CEO of Pioneer Natural Resources, and Exxon Mobil CEO Darren Woods both joined CNBC on Wednesday morning to talk about the merger and what to expect next year after its completion. Exxon Mobil stock dipped 3.6% Wednesday. Pioneer is held in Cramer's Charitable Trust portfolio.

Persons: Jim Cramer, Scott Sheffield, Darren Woods Organizations: Exxon Mobil, Natural Resources, Pioneer Natural Resources, CNBC, Trust

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