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Exxon CEO's $60 Billion Vindication - WSJ - The Wall Street Journal

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Exxon CEO’s $60 Billion Vindication - WSJ

In 2021, Darren Woods suffered a humbling defeat. A little-known activist investor convinced shareholders to give it three seats on the board of the oil behemoth he helms, Exxon Mobil, attacking his big spending and strategy for the shift to green energy.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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