Exxon Made a $10 Billion Resource Grab Before Oil’s Rise
- Reserves seen up 7.5%; profit at 11-quarter high: Analysts
- Guyana, Brazil, Africa, shale combine in Woods’ turnaround
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Like its ocean-crossing oil tankers, Exxon Mobil Corp.’s strategy can take some time to turn. When it does, the impact can be striking.
Since Darren Woods replaced Rex Tillerson as chief executive officer in January 2017, Big Oil’s biggest producer has quietly assembled a vast portfolio of new resources, pumping billions of dollars into exploration and acquisitions.