Exxon CEO Touts Effort To Take On Lawyers, Investors, And Chevron -- Market Talk

Dow Jones04-26

0926 ET - Early in Exxon Mobil's 1Q earnings call, CEO Darren Woods strikes a combative note, saying the oil giant's recent clashes with various antagonists shows how it won't let outside third parties diminish "the value we have created." Woods says Exxon fought off what he called a frivolous "merger tax" lawsuit challenging its $60 billion purchase of Pioneer Natural Resources. He says Exxon will keep pursuing a recent lawsuit against sustainability investment firms he said are "masquerading as [Exxon] investors." And as for Exxon's challenge to Chevron's $53 billion buyout of Hess, Woods says "any responsible management team would do the same." (collin.eaton@wsj.com; @collineatonHC)

(END) Dow Jones Newswires

April 26, 2024 09:26 ET (13:26 GMT)

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He says Exxon will keep pursuing a recent lawsuit against sustainability investment firms he said are \"masquerading as [Exxon] investors.\" And as for Exxon's challenge to Chevron's $53 billion buyout of Hess, Woods says \"any responsible management team would do the same.\" (collin.eaton@wsj.com; @collineatonHC) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 26, 2024 09:26 ET (13:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430272211"}