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Darren W. Woods

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61
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2023-06-07
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2023-06-07
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  1. Sure. Yeah, I mean, I think there's demonstrated that the use of fossil fuels, oil, gas, and coal and the emissions of that associated with that is contributing to the risk of climate change, changing the climate. So I think it's clear

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  2. Tremendous utility above and beyond just its use as a fuel. And so I think it's just a resource that has broad applicability and a lot of very positive benefits.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  3. I think oil has played such an important role in today's society because of the benefits that it brings. I mean, from an energy perspective, it is a very dense source of energy. And so the products that you produce from crude oil have a functionality that is very hard to replicate in terms of the volume and the energy that you get from a specific volume. It's very available. It's affordable. It's transportable. And so there are a lot of elements or parameters around oil that make the utility of it extremely high. When you go beyond it as an energy source and just look at the basic makeup of oil, the hydrogens and the carbons, the molecules and oil provide a foundation to make lots of different products that society needs and values.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  4. Well, no doubt about it. I think anybody who's moved around, particularly at a young age through adolescence, I think most people recognize those are tough times in kids' lives with peer pressure. And certainly today you see a lot of that. But I think moving around and from one place to the other, within the states and then as I moved internationally, you know, there is a lot of an outsider tends to draw a lot of attraction, a lot of it not always positive. So I think it does come back to you generate or you develop a sense of self and value and you got to be a little resilient in terms of the criticism and the bullying and things that kind of happen to young kids. And I think just growing up to everybody. I think, generally speaking, and I think as you move around, it just exacerbates that challenge.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  5. That's the way I grew up. That's the way I was educated. And that's the way my life experiences taught me. And I certainly have brought that to the company. And frankly, the company's philosophy is very aligned with that same experience. I think, again, because most people in this company have had, if not before joining the company, certainly in joining the company, have had this multiple experiences moving around the world and seeing it for themselves. And so I think that you do find some, I'd say, synergies or some harmony in terms of how we think about things.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  6. Certainly makes me more sensitive to understanding looking underneath the hood, so to speak, and really understanding what's going on, what's drivers, what are the, you know, how do you think about these things? So, you know, again, I don't come to it with a view that there's a right and a wrong. You come to it with a view of let's understand this.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  7. Beholder, frankly, and so it leads you to, I think, really challenge. What I would say are the narratives or the paradigms because you just get used to seeing things and conflicting views on things as you move around that makes you question, okay, well, what is the real answer here given the diversity of views as you move around and you're exposed to that? I think if you're in a constant environment, sometimes you think there's the truth or the paradigm is the truth, it's actually hard to see that or to see that it's not until you get outside of that. And I think this movement certainly opened my eyes to there are multiple sides to every story. You need to be very cognizant of that. And typically no single right way of looking at things. It's instead the context you find yourself. And I think that's really, really important.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  8. Well, I think it gives you a very different perspective. I think it's powerful. In fact, I believe so much in it that I put my kids through the same challenges that I went through growing up. It's hard, I think, as a young person moving and constantly finding yourself as an outsider in a new culture. And I think one of the things that comes from that is to get very focused on values in your own value system because constantly moving from one culture to the other, you know, if you're not grounded in what you think your values are or you aren't grounded in your own principles, then you're kind of almost kind of afloat in this ever-changing dynamic environment. I think the other thing is being immersed in different cultures and seeing things from different perspectives as growing up, you kind of learn that a lot of times there's a lot of opinion it's in the eye of the

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  9. Well, actually, I was born in Kansas, but my father worked with the U.S. military, and we moved around the world like a military family would. We were not in the military, but like I said, my father worked closely with him. So I moved every couple of years. We lived in South Korea, the Philippines, Hawaii. My dad's headquarters was in Texas, and so we'd find our way back to Texas every once in a while. But frankly, just moved all over the world, found myself back in Texas, my junior year in high school, finished my senior year, and then wanted to stay in Texas for a little while and went to Texas A&M. And by the time I graduated, I was ready to get moving again and see the world and took off with jobs around the U.S. and then ultimately with Exxon and overseas again.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  10. Actually, I would tell you coming out of the NBA program in 1992, I think there was a general view that large companies were not in vogue. The perception of bureaucratic processes, large, slow-moving companies. And so I would say it's actually was quite counter to what was in vogue. But frankly, the approach that the company takes and how it delegates responsibility and the expectation it puts on people coming into the company, I found attractive and I can say over the 30 years I've worked with Exxon, ExxonMobil, every job has been a challenge. Every job's been more and more responsibility and the company really emphasizes the expectation that every job you take, you go in one with a very long-term mindset of how and then two with a view that how do you make things better on a sustainable basis.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source

  11. Well, I have to tell you, coming out of university, my MBA program, oil wasn't my first, or the energy industry wasn't my first go-to industry. ExxonMobil was interviewing. I went and talked to the company and basically the way they think about managing a business and the career opportunities they provide is what attracted me. I joined the company back in 1992 with, I guess, intentions to better understand what that opportunity set looked like, never envisioned at that time that I would find myself where I am today 30 years plus on. So it's been one of these things I always feel like, you know, every day you earn your place in the company and the company earns their place with you. And that's been, I think, a very positive relationship over the 30 plus years.

    2023-06-07 · In Good Company with Nicolai Tangen · Darren Woods CEO of ExxonMobil · IDENTIFIED FROM THE TRANSCRIPT · source