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[vc_row css=”.vc_custom_1453128198958{margin-bottom: 0px !important;}”][vc_column][vc_column_text]ExxonMobil Chairman and CEO Darren Woods recently offered opening remarks at the World Gas Conference in Washington.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1453128316492{margin-bottom: 20px !important;}”][vc_column][quote style=””]Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam efficitur rutrum diam, ut commodo ipsum elementum ac. Duis quis iaculis purus, eget mattis urna. Quisque consectetur odio ac ante fermentum malesuada. Nullam eget lectus euismod, rutrum quam quis, venenatis ligula. Integer egestas elit ipsum. Vivamus nec egestas turpis, et semper neque.[/quote][/vc_column][/vc_row][vc_row css=”.vc_custom_1453128278552{margin-bottom: 0px !important;}”][vc_column][vc_column_text]It was fitting that this year’s event took place in the United States. After all, the U.S. is both the world’s largest consumer and producer of natural gas. New supplies from America’s shale revolution are transforming global markets.

Below are five key takeaways from Darren’s speech:

  1. Natural gas is boosting the U.S. economy
    Over the past 10 years, natural gas has emerged as a pillar of U.S. economic strength.  Jobs are being created, and domestic manufacturing is flourishing, thanks in large part to lower energy costs.
  2. Natural gas is a big part of the solution to our industry’s dual challenge
    How do we power the 21st century, while at the same time reduce emissions?  One way is through the use of natural gas. It’s already helped lower U.S. CO2 emissions to levels not seen since the 1990s.
    To help ensure the emissions-reduction promise of natural gas, ExxonMobil is taking steps to further cut greenhouse gas emissions in our own operations. These include a recently announced plan to cut methane emissions by 15 percent by 2020, focusing primarily on unconventional natural gas development and processing.
  3. The benefits of natural gas can be expanded internationally
    The results seen in the U.S. don’t need to stop in the U.S. The growing LNG trade should help spread the economic and environmental benefits of natural gas widely in the years to come.
  4. Policymakers need to develop a constructive framework to address climate change
    While developing a global framework that brings all nations together – something the Paris Accord sought to do – policymakers would do well to promote market solutions, including the emissions-reducing potential of natural gas.
  5. Technology – as always – will be vital
    Technological innovation will help expand supplies and drive lower-emission energy solutions, including continued work on scalable carbon capture and storage to help further environmental progress.


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At ExxonMobil, we plan to invest more than $50 billion over the next five years to expand our business in the United States. These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law.

In fact, as you have probably seen, several companies have announced plans to invest here at home, partly as a result of tax reform, which among other things reduced one of the highest corporate tax rates in the developed world.

These positive developments will mean more jobs and economic expansion across the United States in a myriad of industries.

And it will complement the substantial capital spending in the United States that ExxonMobil has teed up in the coming years.

For instance, we will be investing billions of dollars to increase oil production in the Permian Basin in West Texas and New Mexico, expand existing operations, improve infrastructure and build new manufacturing sites. This will create thousands of jobs, strengthen the U.S. economy and enhance energy security.

This comes on top of our massive build-out of operations along the Gulf Coast where we are investing billions of dollars and creating tens of thousands of high paying jobs on a number of major chemical, refining and lubricant projects.

These are quality investments for our shareholders that are made even better by tax reform. That’s good news if you‘re among the millions of Americans who own ExxonMobil stock directly or have indirect ownership through the many public pension funds, mutual funds or exchange traded funds that are ExxonMobil owners.

These are all possible because of the resource base developed by our industry along with sound tax and regulatory policies that create a pro-growth business climate here in the U.S.

The recent changes to the U.S. corporate tax rate coupled with smarter regulation create an environment for future capital investments and will further enhance ExxonMobil’s competitiveness around the world. We’re actively evaluating the impact of the lower tax rate on the economics of several other projects currently in the planning stages to further expand our facilities along the Gulf Coast.

Good to see sound policy laying the groundwork for America’s future economic success.

Darren Woods is Chairman and CEO of ExxonMobil.

[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1453128316492{margin-bottom: 20px !important;}”][vc_column][quote style=””]Darren Woods – Jan. 29, 2018[/quote][/vc_column][/vc_row]

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