Darren W. Woods
Darren W. Woods,Chairman and CEO,ExxonMobil
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ExxonMobil has been looking to divest its 32.7% stake in Iraq’s major West Qurna 1 field. Iraq sent an official request to acquire the company’s shares in the field, which are estimated to value $350 million. ExxonMobil reported Q1 2021 earnings of $2.7 billion on higher oil prices and the company’s focus on cost reductions. The company is also working on exploration offshore Egypt including acreage in the North Marakia Offshore block and the North East El Amriya Offshore block in the Nile Delta.
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