Darren Woods
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Darren Woods

ExxonMobil: counter-cyclical capex, Pioneer acquisition

Darren Woods has served as Chairman and CEO of ExxonMobil since 2017. He maintained aggressive capital investment through commodity downturns, a contrarian posture that drew criticism then vindication as margins recovered. His signature move was the 2024 all-stock acquisition of Pioneer Natural Resources, sharply expanding ExxonMobil's Permian Basin footprint.

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Last updated
10 May 2026
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