ExxonMobil CEO Darren Woods indicated that the arbitration with Chevron concerning a key asset in Guyana is expected to continue into 2025. Additionally, ExxonMobil and Chevron have seen significant returns from their investments in Guyana and the Permian shale basin, which are contributing to a widening performance gap compared to their transatlantic counterparts. This gap is anticipated to grow further following the completion of recent mega-deals.
"If you're going to achieve the global ambition of net zero, you're going to need a lot of different tools in the toolbox," Exxon Mobil CEO Darren Woods tells @davidfaber. https://t.co/wmaETlEtro https://t.co/c9suQ2qHGX
Exxon Sees Chevron Arbitration Going Into 2025, CEO Woods Says #oott https://t.co/BpwaInp9yt
Exxon Mobil Chief Executive Officer Darren Woods foresees arbitration with Chevron over a premier Guyanese asset stretching into 2025. https://t.co/1SF2k0zlUg
ExxonMobil and Chevron are seeing investments in Guyana and the Permian shale basin pay off, widening a gap with their transatlantic counterparts that could get even bigger with the completion of recent mega-deals. #oott https://t.co/OeztNDouxW
*EXXON SEES CHEVRON ARBITRATION GOING INTO 2025, CEO WOODS SAYS