Liam Denning, Columnist

Exxon Will Remake Shale Or Shale Will Remake Exxon

The major hopes to drive down costs in an infamously cash-burning business.

March 2, 2017 at 2:02 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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From the moment it began, you could tell something was missing from Exxon Mobil Corp.'s first strategy presentation under its new CEO: Texan Rex Tillerson's usual jab at New York City, where the event is held.

His successor at the helm, Darren Woods, kept many other things the same. There was the usual emphasis on superior performance and the benefits of integration and a relatively humdrum Q&A session.