Exxon CEO’s $60 Billion Vindication

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Exxon CEO’s $60 Billion Vindication
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Darren Woods didn’t waver in his full-throated belief in oil. Now his one-time doubters back his $60 billion deal for shale giant Pioneer.

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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