- Exxon Mobil Corp. Chief Executive Officer Darren Woods criticized European energy policy, which in his view has gone too far by imposing 'punishing' measures like the European Union’s windfall tax.
- Exxon “stepped back and reevaluated” its investment strategy in the continent, he continued.
- US energy executives have a noticeable spring in their step due to record profits and $128 billion of cash showered on shareholders in the past year as well as a sense of turning a corner in the climate debate.
- BP Plc and Shell Plc’s recent pivots toward investing more in oil and gas only reinforce the consensus that it’s going to be hard to kill off fossil fuels.
- Exxon's stock is up 134% since the pandemic, nearly double the performance of its closest peer Chevron Corp.
Exxon Has a Message for Europe: Don’t Mess With Oil and Gas
Exxon Mobil CEO Darren Woods criticized European energy policy for imposing 'punishing' measures on the oil and gas industry, and plowed ahead with new projects in the US. The US energy executives have a noticeable spring in their step due to profits and investments in oil and gas.