Darren W. Woods
,CEO,ExxonMobil
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“Rex who?” might be a phrase heard in the C-suite offices at ExxonMobil’s HQ in Irving, Texas. When Darren Woods took over as CEO, he promised to ramp up the firm’s exploration activities. Last month, the firm announced it had added 2.7bn barrels to its reserves, replacing 183% of 2017’s production with significant finds in the likes of Guyana and Mozambique.
But more than 25% of this oil, 800mn barrels, was found at ADNOC’s Upper Zakum oilfield, the second largest offshore oilfield in the world. ExxonMobil has 21bn barrels of oil in its proven reserves and rather a lot of these are also located at the West Qurna 1 field in southern Iraq where the US firm has plans to dramatically increase production.
