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ExxonMobil ‘Feels Good’ about Golden Pass, but More U.S. Natural Gas Opportunities? Not Now, Says CEO

Natural Gas Intelligence · last updated

The first natural gas from the Golden Pass LNG project underway on the Texas coast should begin operations “sometime at the back end of this year or early next year,” ExxonMobil CEO Darren Woods said Friday.

ExxonMobil chart showing the company's internal growth projections for Permian Basin natural gas and oil production

“I feel really good about that progress,” he told investors during the second quarter conference call.

The Golden Pass crew “has rallied around and come together and recovered from the challenge” following contractor issues, he said. One lead contractor, Zachry Group, filed for bankruptcy in 2024, upending the construction progress. That followed work delays from the Covid-19 pandemic.

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