Oil prices are trading at their highest level in years, but the move could be short lived.
But Woods said he doesn't get"overly enamored" about high prices today. When looking at new investments the company focuses on ensuring operations can be competitive across a wide range of price environments.
Exxon said Tuesday it's targeting net-zero greenhouse gas emissions for its operated assets by 2050. The announcement follows similar targets from competitors, and comes as Exxon faces board pressure to shift its operations. In 2021, upstart activist firm Engine No. 1 successfully placedExxon's target does not include so-called Scope 3 emissions, which include the environmental footprint from the products a company generates, as well as the company's supply chain.
Woods said the target is"more than just a pledge" and that the company has a"line of sight" for how it plans to slash its emissions. The company said in a statement that it identified more than 150 potential steps and modifications that can cut emissions across its operations, including electrifying equipment and reducing emissions leaks.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stocks fall as 10-year yield spikes, oil tops $84Rising yields hit stocks as investors return from the three-day weekend.
Les mer »
Oil extends rally on supply tightness, Brent at more than 3-year highOil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant.
Les mer »
Forex Today: WTI Crude Oil Approaching 8-Year HighWTI Crude Oil Continues Strong Advance; Chinese GDP Beats Expectations; Bond Yields Rise
Les mer »
Oil Hits Seven-Year High as Houthi Attack on UAE Rattles Regional TensionsInternational benchmark Brent crude was trading at $87.75 on Tuesday at 11 a.m. in Abu Dhabi, its highest level since 2014.
Les mer »
Netflix raises monthly subscription prices in the U.S.Depending on the plan, prices rose by $1-$2.
Les mer »
Cryptocurrency prices continue to fall because buying demand is absent: CEOBitcoin prices continued to tumble Tuesday, one day after stock and bond markets were closed in the U.S. for the Martin Luther King holiday
Les mer »