Exxon CEO expects long term role for oil and gas, maybe not as fuel
1. CEO Darren Woods emphasizes oil and gas's ongoing importance. Transition from fossil fuels remains uncertain.
FAQ
Why Bullish?
Woods’ statement reinforces faith in fossil fuels amid ongoing transitions, similar to past resilience.
How important is it?
Woods' comments highlight strategic positioning, which can influence investor confidence in XOM.
Why Long Term?
The shift from fossil fuels will take years, benefiting XOM if managed wisely.