Exxon Mobil CEO Darren Woods told the CERAWeek energy conference Monday that producers are trying to ramp up production, but that doing so was tough even before the Ukraine crisis.
"Exxon is working to maximize production to help fill the world's increasing demand for oil as production declines in Russia," Woods said, speaking at the CERAWeek by S&P Global conference in Houston.
"These efforts coincide with Exxon's existing goals to increase production in the Permian Basin with significant equipment changes. It’s a pretty big effort, but one we’ve been on for quite some time, I know that others in the industry are pursuing similar types of objectives."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine war: Arizona ammo company to send 1 million bullets to UkraineAn ammunition company in Scottsdale, Arizona, has pledged to send one million bullets to the Ukraine Armed Forces as Russian President Vladimir Putin continues his deadly invasion into Ukraine.
Read more »
Russia-Ukraine war: Arizona ammo company to send 1 million rounds of ammo to UkraineAn ammunition company in Scottsdale, Arizona, has pledged to send one million bullets to the Ukraine Armed Forces as Russian President Vladimir Putin continues his deadly invasion into Ukraine.
Read more »
Russia-Ukraine War: What to know on Russia’s war in UkraineRussia’s invasion of Ukraine entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to start evacuating hundr…
Read more »
Russia-Ukraine War: What to know on Russia’s war in UkraineOn Day 11 of Russia’s war on Ukraine, Russian troops shelled encircled cities and a second attempt to evacuate civilians from Mariupol failed as the besieged port city was shelled.
Read more »
Matthew McConaughey Helped Save Hair Oil Company During PandemicCEO of hair oil company, Regenix, says Matthew McConaughey helped the business survive.
Read more »
Live updates: Two big-name accounting firms to leave RussiaUpdates to Russia's invasion of Ukraine: • Ukraine's president appeals for more sanctions against Russia. • Netflix, TikTok, American Express halt services in Russia. • Russian President Vladimir Putin speaks with Israeli, French leaders.
Read more »