Darren Woods: Difference between revisions
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{{Infobox person | {{Infobox person | ||
| name = Darren W. Woods | | name = Darren W. Woods | ||
| birth_date = {{ | | image = Darren Woods (born c. 1965) at WEF Special Meeting on Global Collaboration, Growth and Energy for Development, 2024.png | ||
| birth_place = [[Wichita, Kansas]], | | caption = Woods in 2024 | ||
| birth_date = {{birth date and age|1965|12|16}} | |||
| birth_place = [[Wichita, Kansas]], U.S. | |||
| nationality = American | | nationality = American | ||
| education = [[Texas A&M University]] (BS, 1987)<br>[[Northwestern University]] (MBA) | | education = [[Texas A&M University]] (BS, 1987)<br>[[Northwestern University]] (MBA) | ||
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}} | }} | ||
'''Darren Wayne Woods''' (born December 16, 1965) is an American business executive who | '''Darren Wayne Woods''' (born December 16, 1965) is an American business executive who has served as chairman and chief executive officer of [[ExxonMobil]], one of the world's largest publicly traded oil and gas companies, since January 2017. A career ExxonMobil employee who joined the corporation's predecessor, [[Imperial Oil]], after graduating from [[Texas A&M University]] in 1987, Woods rose through a series of management positions across the company's refining, chemicals, and natural gas divisions before being named president in 2016 and succeeding [[Rex Tillerson]] as CEO the following year.<ref name="wsj">{{cite news |last=Olson |first=Bradley |date=2016-12-14 |title=Exxon Mobil Taps Darren Woods to Replace Rex Tillerson as CEO |url=https://www.wsj.com/articles/exxon-mobil-taps-darren-woods-to-replace-rex-tillerson-as-ceo-1481746854 |work=The Wall Street Journal |access-date=2026-02-23}}</ref> Under his leadership, ExxonMobil has pursued an investment strategy that includes expanding oil and gas production, particularly in the [[Permian Basin]] and [[Guyana]], while also investing in lower-carbon technologies such as [[carbon capture and storage]] and [[direct air capture]].<ref name="cnbc-transition">{{cite news |title=ExxonMobil at crossroads of clean energy transition, climate crisis |url=https://www.cnbc.com/2022/06/23/exxonmobil-at-crossroads-of-clean-energy-transition-climate-crisis.html |work=CNBC |date=2022-06-23 |access-date=2026-02-23}}</ref> Woods has also emerged as an outspoken figure on energy policy, publicly advocating for a price on carbon emissions and criticizing regulatory approaches he views as undermining long-term energy investment.<ref name="cnbc-carbon">{{cite news |title=Exxon Mobil CEO Darren Woods wants higher price on carbon emissions |url=https://www.cnbc.com/2022/06/24/exxon-mobil-ceo-darren-woods-wants-higher-price-on-carbon-emissions.html |work=CNBC |date=2022-06-24 |access-date=2026-02-23}}</ref> | ||
== Early Life == | == Early Life == | ||
Darren Wayne Woods was born on December 16, 1965, in [[Wichita, Kansas]].<ref name="exxon-bio">{{cite web |title=Darren W. Woods |url=http://corporate.exxonmobil.com/en/company/about-us/management/darren-w-woods |publisher= | Darren Wayne Woods was born on December 16, 1965, in [[Wichita, Kansas]].<ref name="exxon-bio">{{cite web |title=Darren W. Woods |url=http://corporate.exxonmobil.com/en/company/about-us/management/darren-w-woods |publisher=ExxonMobil |access-date=2026-02-23}}</ref> Details about his parents, family background, and upbringing in Kansas have not been extensively documented in public sources. He grew up during a period of significant upheaval in the American energy industry, as the oil crises of the 1970s reshaped both the national economy and public attitudes toward petroleum companies. | ||
Woods attended [[Texas A&M University]] in [[College Station, Texas]], where he graduated in 1987 with a bachelor's degree in electrical engineering.<ref name="mays-podcast">{{cite web |title=Aggie Legends Podcast S1E1: Darren Woods '87 |url=https://news.mays.tamu.edu/aggie-legends/2026/01/aggie-legends-podcast-s1e1-darren-woods-87/ |publisher=Mays Business School News |date=2026-01 |access-date=2026-02-23}}</ref> His time at Texas A&M, one of the state's flagship public universities with deep historical ties to the energy industry, provided a foundation for his subsequent career in the petroleum sector. Woods has maintained connections to the university throughout his career, and in 2026, he appeared as the inaugural guest on the ''Aggie Legends'' podcast produced by the Mays Business School at Texas A&M, where he discussed his experiences as a student and the trajectory of his career.<ref name="mays-podcast" /> | |||
== Education == | == Education == | ||
Woods earned | Woods earned his [[Bachelor of Science]] degree in electrical engineering from [[Texas A&M University]] in 1987.<ref name="mays-podcast" /> He later pursued graduate studies at the [[Kellogg School of Management]] at [[Northwestern University]] in [[Evanston, Illinois]], where he obtained a [[Master of Business Administration]] (MBA).<ref name="exxon-bio" /> The combination of a technical undergraduate degree in engineering and a graduate business degree became characteristic of many senior executives in the energy industry, equipping Woods with both the technical understanding of refining and petrochemical operations and the strategic management skills required at the corporate level. | ||
== Career == | == Career == | ||
| Line 25: | Line 29: | ||
=== Early Career at Exxon === | === Early Career at Exxon === | ||
After | After completing his undergraduate degree at Texas A&M in 1987, Woods began his career with [[Imperial Oil]], a Canadian subsidiary of what was then [[Exxon Corporation]].<ref name="exxon-bio" /><ref name="nyt-2016">{{cite news |last=Krauss |first=Clifford |date=2016-12-14 |title=Exxon Mobil Names Darren Woods, an Insider, as Next Chief |url=https://www.nytimes.com/2016/12/14/business/energy-environment/exxon-mobil-darren-woods-rex-tillerson-chief-executive.html |work=The New York Times |access-date=2026-02-23}}</ref> His early career involved positions in the company's refining and supply operations. Over the following decades, Woods held a succession of management roles across multiple divisions and geographic regions within the Exxon and later ExxonMobil corporate structure, following the 1999 merger of [[Exxon]] and [[Mobil]]. | ||
Woods progressed through roles of increasing responsibility in the company's downstream and chemical businesses. His career path included assignments in refining operations, where he gained experience in the large-scale industrial processes that convert crude oil into fuels, lubricants, and chemical feedstocks.<ref name="exxon-bio" /> This deep operational background in refining and chemicals distinguished Woods from his predecessor, Rex Tillerson, who had spent the majority of his career in ExxonMobil's upstream exploration and production division.<ref name="ft">{{cite news |title=Darren Woods: Exxon's new chief plots his own course |url=https://www.ft.com/content/fcf73abc-4202-11e7-9d56-25f963e998b2 |work=Financial Times |date=2017-05-26 |access-date=2026-02-23}}</ref> | |||
=== Rise to CEO === | |||
=== | In January 2016, Woods was named president of ExxonMobil, positioning him as the leading candidate to succeed Tillerson as chief executive.<ref name="wsj" /> On December 14, 2016, ExxonMobil announced that Woods would become chairman and CEO effective January 1, 2017, replacing Tillerson, who was subsequently nominated by President [[Donald Trump]] to serve as [[United States Secretary of State]].<ref name="wsj" /><ref name="streetinsider">{{cite news |title=ExxonMobil (XOM) Names Darren Woods Chairman, CEO |url=https://www.streetinsider.com/Corporate+News/ExxonMobil+(XOM)+Names+Darren+Woods+Chairman,+CEO/12342954.html |work=StreetInsider |access-date=2026-02-23}}</ref> | ||
The transition occurred at a time of significant challenge for ExxonMobil and the broader oil industry. The company had experienced a sharp decline in profits due to depressed oil prices, and was facing mounting pressure from investors and environmental groups regarding its response to [[climate change]].<ref name="nyt-2016" /> Woods inherited a company that, while still among the largest corporations in the world by revenue, was grappling with questions about the long-term future of fossil fuels and the strategic direction of the energy industry. | |||
In | In one of his first major interviews after assuming the CEO role, Woods discussed the company's strategy with ''[[Forbes]]'', addressing topics including ExxonMobil's operations in [[Russia]], climate change, and the expansion of operations in the [[Permian Basin]].<ref name="forbes">{{cite news |last=Helman |first=Christopher |date=2017-02-27 |title=Exclusive: New ExxonMobil CEO Darren Woods Opens Up On Russia, Climate Change, And The Permian Boom |url=https://www.forbes.com/sites/christopherhelman/2017/02/27/exclusive-new-exxonmobil-ceo-darren-woods-opens-up-on-russia-climate-change-and-the-permian-boom/ |work=Forbes |access-date=2026-02-23}}</ref> | ||
=== | === Strategic Direction Under Woods === | ||
Woods | Under Woods's leadership, ExxonMobil pursued a dual strategy of expanding its traditional oil and gas production while also investing in lower-emission technologies. The company made substantial capital commitments to increasing output from the Permian Basin in West Texas and from offshore operations in [[Guyana]], where ExxonMobil has been the lead operator of a consortium that has made significant oil discoveries since 2015.<ref name="cnbc-transition" /> | ||
In 2017, shortly after becoming CEO, Woods signaled a notable shift in ExxonMobil's public stance on climate policy. He wrote to the newly inaugurated Trump administration expressing support for the [[Paris Agreement]] on climate change, marking a departure from the company's previous more skeptical positioning.<ref name="nyt-2017">{{cite news |last=Schwartz |first=John |date=2017-03-01 |title=Exxon Mobil's Chief Urges White House to Stay in Paris Climate Accord |url=https://www.nytimes.com/2017/03/01/business/energy-environment/darren-woods-exxon-mobil-investors.html |work=The New York Times |access-date=2026-02-23}}</ref> Woods publicly advocated for a [[carbon tax]] as a market-based mechanism to address greenhouse gas emissions, arguing that a price on carbon would provide the most efficient and economically rational approach to reducing emissions while maintaining energy security.<ref name="cnbc-carbon" /> | |||
= | ExxonMobil under Woods also invested in [[carbon capture and storage]] (CCS) technology and began developing projects for [[direct air capture]], a technology that removes [[carbon dioxide]] directly from the atmosphere. In 2024, Woods discussed the company's direct air capture efforts, noting that while the technology held significant potential, costs needed to decrease substantially before it could be deployed at scale.<ref name="cnbc-dac">{{cite news |title=Climate: Exxon working on direct air capture, but costs need to fall |url=https://www.cnbc.com/2024/04/26/climate-exxon-working-on-direct-air-capture-but-costs-need-to-fall.html |work=CNBC |date=2024-04-26 |access-date=2026-02-23}}</ref> | ||
In June 2025, Woods spoke at the [[German Marshall Fund]] Brussels Forum in Belgium, where he discussed what he characterized as the need for practical solutions to energy and climate challenges, emphasizing the role of technology and long-term investment over regulatory mandates.<ref name="exxon-brussels">{{cite web |title=Darren Woods on delivering practical solutions to advance progress |url=https://corporate.exxonmobil.com/news/corporate-news/darren-woods-on-delivering-practical-solutions-to-advance-progress |publisher=ExxonMobil |date=2025-06-18 |access-date=2026-02-23}}</ref> | |||
=== Climate and Environmental Controversies === | |||
==== | Woods's tenure has been marked by significant scrutiny regarding ExxonMobil's role in climate change and the accuracy of its public statements about climate science. In October 2020, [[Bloomberg News]] reported on leaked internal documents suggesting that ExxonMobil's carbon emissions were projected to increase under the company's existing business plans, despite public commitments to address its environmental footprint.<ref name="bloomberg">{{cite news |title=Exxon Carbon Emissions and Climate: Leaked Plans Reveal Rising CO2 Output |url=https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output |work=Bloomberg News |date=2020-10-05 |access-date=2026-02-23}}</ref><ref name="bloomberg-archive">{{cite web |title=Exxon Carbon Emissions and Climate: Leaked Plans Reveal Rising CO2 Output (archived) |url=https://web.archive.org/web/20201005132634/https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output |publisher=Bloomberg News via Web Archive |date=2020-10-05 |access-date=2026-02-23}}</ref> | ||
In October 2021, Woods and other oil industry executives testified before a [[United States House Committee on Oversight and Reform|U.S. House Oversight Committee]] hearing investigating whether major oil companies had misled the public about the role of fossil fuels in causing climate change. During the hearing, Woods was accused by committee members of misleading the public about the company's knowledge of climate science.<ref name="guardian-hearing">{{cite news |title=Exxon CEO accused of lying about climate science at congressional panel |url=https://www.theguardian.com/environment/2021/oct/28/exxon-ceo-accused-lying-climate-science-congressional-panel |work=The Guardian |date=2021-10-28 |access-date=2026-02-23}}</ref> Woods denied that ExxonMobil had engaged in a campaign of climate disinformation. The hearing was part of a broader investigation by congressional Democrats into the fossil fuel industry's public communications about climate change over several decades.<ref name="guardian-hearing" /> | |||
The ''[[Guardian]]'' also included Woods in a 2021 article identifying what it described as key figures in the fossil fuel industry whose decisions had significant implications for the climate crisis.<ref name="guardian-dozen">{{cite news |title=Climate crisis villains: America's dirty dozen |url=https://www.theguardian.com/commentisfree/2021/oct/27/climate-crisis-villains-americas-dirty-dozen |work=The Guardian |date=2021-10-27 |access-date=2026-02-23}}</ref> | |||
==== | In October 2025, Woods publicly criticized the [[European Union]]'s [[Corporate Sustainability Due Diligence Directive]] (CSDDD), describing the regulatory framework as a "bone-crushing burden" on businesses and arguing that it posed potential negative consequences for energy companies and economic competitiveness.<ref name="exxon-csddd">{{cite web |title=A bone-crushing burden: Darren Woods discusses CSDDD |url=https://corporate.exxonmobil.com/locations/european-region/european-newsroom/2025/a-bone-crushing-burden-darren-woods-discusses-csddd |publisher=ExxonMobil |date=2025-10-02 |access-date=2026-02-23}}</ref> | ||
=== Energy Policy and Venezuela === | |||
In | In early 2026, Woods emerged as a prominent public voice on energy policy, at times placing himself in tension with the administration of President Donald Trump. In January 2026, Woods attended a meeting with President Trump alongside other industry executives to discuss the situation in [[Venezuela]], where ExxonMobil has historical interests in the country's heavy crude oil reserves.<ref name="exxon-venezuela">{{cite web |title=Our perspective regarding the situation in Venezuela as shared with President Trump |url=https://corporate.exxonmobil.com/news/news-releases/2026/our-perspective-regarding-the-situation-in-venezuela |publisher=ExxonMobil |date=2026-01 |access-date=2026-02-23}}</ref> | ||
Woods stated that ExxonMobil possessed the technology to produce Venezuela's heavy crude but offered frank assessments of the challenges facing the industry, including what he characterized as an environment that made certain energy investments difficult to justify.<ref name="journal-record">{{cite news |title=Exxon Mobil CEO outlines technology for Venezuela's high-cost crude production |url=https://journalrecord.com/2026/02/02/exxon-technology-venezuela-high-cost-crude/ |work=The Journal Record |date=2026-02-02 |access-date=2026-02-23}}</ref> According to ''[[Fortune]]'', Woods's candid public remarks about the investment climate drew a sharp response from Trump, who threatened to exclude ExxonMobil from potential opportunities in Venezuela, reportedly calling the company "too cute."<ref name="fortune-venezuela">{{cite news |title=Trump threatens to keep 'too cute' Exxon out of Venezuela after CEO provides reality check on 'uninvestable' industry |url=https://fortune.com/2026/01/12/trump-threatens-keep-too-cute-exxon-out-of-venezuela/ |work=Fortune |date=2026-01-12 |access-date=2026-02-23}}</ref> The exchange highlighted Woods's willingness to publicly articulate positions that did not align with political expectations, a role that ''Fortune'' described as making him an "unofficial industry spokesman."<ref name="fortune-venezuela" /> | |||
==== | In February 2026, Woods continued to speak publicly about the intersection of policy and energy investment, arguing that unstable or inconsistent government policies were undermining the long-term energy supply and the industry's ability to invest in both traditional and lower-emission energy sources, including [[liquefied natural gas]] (LNG).<ref name="exxon-policy">{{cite web |title=A growing threat: Darren Woods on how policy is undermining energy |url=https://corporate.exxonmobil.com/what-we-do/energy-supply/how-policy-is-undermining-energy |publisher=ExxonMobil |date=2026-02 |access-date=2026-02-23}}</ref> | ||
=== CBS News Profile === | |||
Woods | A profile by [[CBS News]] examined how Woods had stepped out from the shadow of his predecessor, Rex Tillerson, who had been a far more publicly prominent figure both as CEO and later as Secretary of State. The profile noted that Woods, who had spent his entire career within ExxonMobil's corporate structure, brought a different leadership style — more focused on operational discipline and less on geopolitical engagement than Tillerson.<ref name="cbs">{{cite news |title=Exxon CEO Darren Woods steps out of Tillerson's shadow |url=https://www.cbsnews.com/news/exxon-ceo-darren-woods-steps-out-of-tillersons-shadow/ |work=CBS News |access-date=2026-02-23}}</ref> | ||
== Personal Life == | == Personal Life == | ||
Darren Woods | Darren Woods has maintained a relatively private personal life compared to some peers in the energy industry. He was born and raised in [[Wichita, Kansas]], and has maintained long ties to [[Texas]], where ExxonMobil is headquartered (the company relocated its headquarters from [[Irving, Texas]], to [[Houston, Texas|Houston]] in 2023).<ref name="exxon-bio" /> | ||
Woods is an alumnus of [[Texas A&M University]], class of 1987, and has continued his association with the institution. In January 2026, he was featured as the first guest on the ''Aggie Legends'' podcast, produced by the university's [[Mays Business School]], where he discussed his career journey and connection to the university.<ref name="mays-podcast" /> | |||
== Recognition == | == Recognition == | ||
In 2023, Woods received a leadership award from | In 2023, Woods received a leadership award from CME-STEM, an organization focused on science, technology, engineering, and mathematics education, for his contributions to industry leadership.<ref name="cme-stem">{{cite web |title=2023 CME-STEM Leadership Awards |url=https://www.cme-stem.org/events/2023-cme-stem-leadership-awards/ |publisher=CME-STEM |access-date=2026-02-23}}</ref> | ||
Woods has been | Woods has been a frequent speaker at major international forums and conferences, including the [[World Economic Forum]] and the German Marshall Fund Brussels Forum.<ref name="exxon-brussels" /> His public appearances have increased notably since he became CEO, as he has taken on a more visible role in advocating for the energy industry's positions on policy matters including carbon pricing, regulatory frameworks, and long-term energy investment strategies.<ref name="cnbc-carbon" /><ref name="cnbc-transition" /> | ||
In media coverage, Woods has been profiled by major outlets including ''[[The New York Times]]'', ''[[The Wall Street Journal]]'', ''[[Forbes]]'', the ''[[Financial Times]]'', ''[[Fortune]]'', [[CBS News]], and [[CNBC]], reflecting his position at the helm of one of the world's most consequential corporations.<ref name="wsj" /><ref name="ft" /><ref name="forbes" /><ref name="fortune-venezuela" /><ref name="cbs" /> | |||
== Legacy == | == Legacy == | ||
As of 2026, | As of 2026, Woods's legacy remains an evolving narrative, shaped by the competing pressures facing the global energy industry. His tenure as ExxonMobil's CEO has coincided with a period of intensifying debate over the future of fossil fuels, the pace of the [[energy transition]], and the responsibilities of major oil companies in addressing climate change. | ||
Under Woods, ExxonMobil has maintained its position as one of the world's largest oil and gas producers while simultaneously expanding its investments in carbon capture and low-carbon technologies.<ref name="cnbc-dac" /> His public advocacy for a carbon tax distinguished ExxonMobil's policy stance from some other fossil fuel companies and represented a shift from the industry's historical resistance to carbon pricing mechanisms.<ref name="cnbc-carbon" /> | |||
At the same time, the company has faced persistent criticism from environmental organizations and some shareholders who have argued that ExxonMobil's investments in lower-carbon technologies remain insufficient relative to the scale of its fossil fuel operations.<ref name="bloomberg" /> The 2021 congressional hearings on climate disinformation brought additional scrutiny to both ExxonMobil's historical conduct and Woods's personal testimony.<ref name="guardian-hearing" /> | |||
Woods's | Woods's emergence in 2026 as a public commentator willing to challenge political leaders on energy policy — including his frank exchanges with the Trump administration over Venezuela and investment conditions — has added another dimension to his public profile, positioning him as a figure who, regardless of one's assessment of the industry he leads, has played a central role in shaping the discourse around energy, climate, and economic policy in the 21st century.<ref name="fortune-venezuela" /><ref name="exxon-policy" /> | ||
== References == | == References == | ||
Latest revision as of 04:32, 24 February 2026
| Darren W. Woods | |
| Woods in 2024 | |
| Darren W. Woods | |
| Born | 16 12, 1965 |
|---|---|
| Birthplace | Wichita, Kansas, U.S. |
| Nationality | American |
| Occupation | Business executive |
| Title | Chairman and CEO of ExxonMobil |
| Employer | ExxonMobil |
| Known for | Chairman and CEO of ExxonMobil |
| Education | Texas A&M University (BS, 1987) Northwestern University (MBA) |
Darren Wayne Woods (born December 16, 1965) is an American business executive who has served as chairman and chief executive officer of ExxonMobil, one of the world's largest publicly traded oil and gas companies, since January 2017. A career ExxonMobil employee who joined the corporation's predecessor, Imperial Oil, after graduating from Texas A&M University in 1987, Woods rose through a series of management positions across the company's refining, chemicals, and natural gas divisions before being named president in 2016 and succeeding Rex Tillerson as CEO the following year.[1] Under his leadership, ExxonMobil has pursued an investment strategy that includes expanding oil and gas production, particularly in the Permian Basin and Guyana, while also investing in lower-carbon technologies such as carbon capture and storage and direct air capture.[2] Woods has also emerged as an outspoken figure on energy policy, publicly advocating for a price on carbon emissions and criticizing regulatory approaches he views as undermining long-term energy investment.[3]
Early Life
Darren Wayne Woods was born on December 16, 1965, in Wichita, Kansas.[4] Details about his parents, family background, and upbringing in Kansas have not been extensively documented in public sources. He grew up during a period of significant upheaval in the American energy industry, as the oil crises of the 1970s reshaped both the national economy and public attitudes toward petroleum companies.
Woods attended Texas A&M University in College Station, Texas, where he graduated in 1987 with a bachelor's degree in electrical engineering.[5] His time at Texas A&M, one of the state's flagship public universities with deep historical ties to the energy industry, provided a foundation for his subsequent career in the petroleum sector. Woods has maintained connections to the university throughout his career, and in 2026, he appeared as the inaugural guest on the Aggie Legends podcast produced by the Mays Business School at Texas A&M, where he discussed his experiences as a student and the trajectory of his career.[5]
Education
Woods earned his Bachelor of Science degree in electrical engineering from Texas A&M University in 1987.[5] He later pursued graduate studies at the Kellogg School of Management at Northwestern University in Evanston, Illinois, where he obtained a Master of Business Administration (MBA).[4] The combination of a technical undergraduate degree in engineering and a graduate business degree became characteristic of many senior executives in the energy industry, equipping Woods with both the technical understanding of refining and petrochemical operations and the strategic management skills required at the corporate level.
Career
Early Career at Exxon
After completing his undergraduate degree at Texas A&M in 1987, Woods began his career with Imperial Oil, a Canadian subsidiary of what was then Exxon Corporation.[4][6] His early career involved positions in the company's refining and supply operations. Over the following decades, Woods held a succession of management roles across multiple divisions and geographic regions within the Exxon and later ExxonMobil corporate structure, following the 1999 merger of Exxon and Mobil.
Woods progressed through roles of increasing responsibility in the company's downstream and chemical businesses. His career path included assignments in refining operations, where he gained experience in the large-scale industrial processes that convert crude oil into fuels, lubricants, and chemical feedstocks.[4] This deep operational background in refining and chemicals distinguished Woods from his predecessor, Rex Tillerson, who had spent the majority of his career in ExxonMobil's upstream exploration and production division.[7]
Rise to CEO
In January 2016, Woods was named president of ExxonMobil, positioning him as the leading candidate to succeed Tillerson as chief executive.[1] On December 14, 2016, ExxonMobil announced that Woods would become chairman and CEO effective January 1, 2017, replacing Tillerson, who was subsequently nominated by President Donald Trump to serve as United States Secretary of State.[1][8]
The transition occurred at a time of significant challenge for ExxonMobil and the broader oil industry. The company had experienced a sharp decline in profits due to depressed oil prices, and was facing mounting pressure from investors and environmental groups regarding its response to climate change.[6] Woods inherited a company that, while still among the largest corporations in the world by revenue, was grappling with questions about the long-term future of fossil fuels and the strategic direction of the energy industry.
In one of his first major interviews after assuming the CEO role, Woods discussed the company's strategy with Forbes, addressing topics including ExxonMobil's operations in Russia, climate change, and the expansion of operations in the Permian Basin.[9]
Strategic Direction Under Woods
Under Woods's leadership, ExxonMobil pursued a dual strategy of expanding its traditional oil and gas production while also investing in lower-emission technologies. The company made substantial capital commitments to increasing output from the Permian Basin in West Texas and from offshore operations in Guyana, where ExxonMobil has been the lead operator of a consortium that has made significant oil discoveries since 2015.[2]
In 2017, shortly after becoming CEO, Woods signaled a notable shift in ExxonMobil's public stance on climate policy. He wrote to the newly inaugurated Trump administration expressing support for the Paris Agreement on climate change, marking a departure from the company's previous more skeptical positioning.[10] Woods publicly advocated for a carbon tax as a market-based mechanism to address greenhouse gas emissions, arguing that a price on carbon would provide the most efficient and economically rational approach to reducing emissions while maintaining energy security.[3]
ExxonMobil under Woods also invested in carbon capture and storage (CCS) technology and began developing projects for direct air capture, a technology that removes carbon dioxide directly from the atmosphere. In 2024, Woods discussed the company's direct air capture efforts, noting that while the technology held significant potential, costs needed to decrease substantially before it could be deployed at scale.[11]
In June 2025, Woods spoke at the German Marshall Fund Brussels Forum in Belgium, where he discussed what he characterized as the need for practical solutions to energy and climate challenges, emphasizing the role of technology and long-term investment over regulatory mandates.[12]
Climate and Environmental Controversies
Woods's tenure has been marked by significant scrutiny regarding ExxonMobil's role in climate change and the accuracy of its public statements about climate science. In October 2020, Bloomberg News reported on leaked internal documents suggesting that ExxonMobil's carbon emissions were projected to increase under the company's existing business plans, despite public commitments to address its environmental footprint.[13][14]
In October 2021, Woods and other oil industry executives testified before a U.S. House Oversight Committee hearing investigating whether major oil companies had misled the public about the role of fossil fuels in causing climate change. During the hearing, Woods was accused by committee members of misleading the public about the company's knowledge of climate science.[15] Woods denied that ExxonMobil had engaged in a campaign of climate disinformation. The hearing was part of a broader investigation by congressional Democrats into the fossil fuel industry's public communications about climate change over several decades.[15]
The Guardian also included Woods in a 2021 article identifying what it described as key figures in the fossil fuel industry whose decisions had significant implications for the climate crisis.[16]
In October 2025, Woods publicly criticized the European Union's Corporate Sustainability Due Diligence Directive (CSDDD), describing the regulatory framework as a "bone-crushing burden" on businesses and arguing that it posed potential negative consequences for energy companies and economic competitiveness.[17]
Energy Policy and Venezuela
In early 2026, Woods emerged as a prominent public voice on energy policy, at times placing himself in tension with the administration of President Donald Trump. In January 2026, Woods attended a meeting with President Trump alongside other industry executives to discuss the situation in Venezuela, where ExxonMobil has historical interests in the country's heavy crude oil reserves.[18]
Woods stated that ExxonMobil possessed the technology to produce Venezuela's heavy crude but offered frank assessments of the challenges facing the industry, including what he characterized as an environment that made certain energy investments difficult to justify.[19] According to Fortune, Woods's candid public remarks about the investment climate drew a sharp response from Trump, who threatened to exclude ExxonMobil from potential opportunities in Venezuela, reportedly calling the company "too cute."[20] The exchange highlighted Woods's willingness to publicly articulate positions that did not align with political expectations, a role that Fortune described as making him an "unofficial industry spokesman."[20]
In February 2026, Woods continued to speak publicly about the intersection of policy and energy investment, arguing that unstable or inconsistent government policies were undermining the long-term energy supply and the industry's ability to invest in both traditional and lower-emission energy sources, including liquefied natural gas (LNG).[21]
CBS News Profile
A profile by CBS News examined how Woods had stepped out from the shadow of his predecessor, Rex Tillerson, who had been a far more publicly prominent figure both as CEO and later as Secretary of State. The profile noted that Woods, who had spent his entire career within ExxonMobil's corporate structure, brought a different leadership style — more focused on operational discipline and less on geopolitical engagement than Tillerson.[22]
Personal Life
Darren Woods has maintained a relatively private personal life compared to some peers in the energy industry. He was born and raised in Wichita, Kansas, and has maintained long ties to Texas, where ExxonMobil is headquartered (the company relocated its headquarters from Irving, Texas, to Houston in 2023).[4]
Woods is an alumnus of Texas A&M University, class of 1987, and has continued his association with the institution. In January 2026, he was featured as the first guest on the Aggie Legends podcast, produced by the university's Mays Business School, where he discussed his career journey and connection to the university.[5]
Recognition
In 2023, Woods received a leadership award from CME-STEM, an organization focused on science, technology, engineering, and mathematics education, for his contributions to industry leadership.[23]
Woods has been a frequent speaker at major international forums and conferences, including the World Economic Forum and the German Marshall Fund Brussels Forum.[12] His public appearances have increased notably since he became CEO, as he has taken on a more visible role in advocating for the energy industry's positions on policy matters including carbon pricing, regulatory frameworks, and long-term energy investment strategies.[3][2]
In media coverage, Woods has been profiled by major outlets including The New York Times, The Wall Street Journal, Forbes, the Financial Times, Fortune, CBS News, and CNBC, reflecting his position at the helm of one of the world's most consequential corporations.[1][7][9][20][22]
Legacy
As of 2026, Woods's legacy remains an evolving narrative, shaped by the competing pressures facing the global energy industry. His tenure as ExxonMobil's CEO has coincided with a period of intensifying debate over the future of fossil fuels, the pace of the energy transition, and the responsibilities of major oil companies in addressing climate change.
Under Woods, ExxonMobil has maintained its position as one of the world's largest oil and gas producers while simultaneously expanding its investments in carbon capture and low-carbon technologies.[11] His public advocacy for a carbon tax distinguished ExxonMobil's policy stance from some other fossil fuel companies and represented a shift from the industry's historical resistance to carbon pricing mechanisms.[3]
At the same time, the company has faced persistent criticism from environmental organizations and some shareholders who have argued that ExxonMobil's investments in lower-carbon technologies remain insufficient relative to the scale of its fossil fuel operations.[13] The 2021 congressional hearings on climate disinformation brought additional scrutiny to both ExxonMobil's historical conduct and Woods's personal testimony.[15]
Woods's emergence in 2026 as a public commentator willing to challenge political leaders on energy policy — including his frank exchanges with the Trump administration over Venezuela and investment conditions — has added another dimension to his public profile, positioning him as a figure who, regardless of one's assessment of the industry he leads, has played a central role in shaping the discourse around energy, climate, and economic policy in the 21st century.[20][21]
References
- ↑ 1.0 1.1 1.2 1.3 OlsonBradleyBradley"Exxon Mobil Taps Darren Woods to Replace Rex Tillerson as CEO".The Wall Street Journal.2016-12-14.https://www.wsj.com/articles/exxon-mobil-taps-darren-woods-to-replace-rex-tillerson-as-ceo-1481746854.Retrieved 2026-02-23.
- ↑ 2.0 2.1 2.2 "ExxonMobil at crossroads of clean energy transition, climate crisis".CNBC.2022-06-23.https://www.cnbc.com/2022/06/23/exxonmobil-at-crossroads-of-clean-energy-transition-climate-crisis.html.Retrieved 2026-02-23.
- ↑ 3.0 3.1 3.2 3.3 "Exxon Mobil CEO Darren Woods wants higher price on carbon emissions".CNBC.2022-06-24.https://www.cnbc.com/2022/06/24/exxon-mobil-ceo-darren-woods-wants-higher-price-on-carbon-emissions.html.Retrieved 2026-02-23.
- ↑ 4.0 4.1 4.2 4.3 4.4 "Darren W. Woods".ExxonMobil.http://corporate.exxonmobil.com/en/company/about-us/management/darren-w-woods.Retrieved 2026-02-23.
- ↑ 5.0 5.1 5.2 5.3 "Aggie Legends Podcast S1E1: Darren Woods '87".Mays Business School News.2026-01.https://news.mays.tamu.edu/aggie-legends/2026/01/aggie-legends-podcast-s1e1-darren-woods-87/.Retrieved 2026-02-23.
- ↑ 6.0 6.1 KraussCliffordClifford"Exxon Mobil Names Darren Woods, an Insider, as Next Chief".The New York Times.2016-12-14.https://www.nytimes.com/2016/12/14/business/energy-environment/exxon-mobil-darren-woods-rex-tillerson-chief-executive.html.Retrieved 2026-02-23.
- ↑ 7.0 7.1 "Darren Woods: Exxon's new chief plots his own course".Financial Times.2017-05-26.https://www.ft.com/content/fcf73abc-4202-11e7-9d56-25f963e998b2.Retrieved 2026-02-23.
- ↑ "ExxonMobil (XOM) Names Darren Woods Chairman, CEO".StreetInsider.https://www.streetinsider.com/Corporate+News/ExxonMobil+(XOM)+Names+Darren+Woods+Chairman,+CEO/12342954.html.Retrieved 2026-02-23.
- ↑ 9.0 9.1 HelmanChristopherChristopher"Exclusive: New ExxonMobil CEO Darren Woods Opens Up On Russia, Climate Change, And The Permian Boom".Forbes.2017-02-27.https://www.forbes.com/sites/christopherhelman/2017/02/27/exclusive-new-exxonmobil-ceo-darren-woods-opens-up-on-russia-climate-change-and-the-permian-boom/.Retrieved 2026-02-23.
- ↑ SchwartzJohnJohn"Exxon Mobil's Chief Urges White House to Stay in Paris Climate Accord".The New York Times.2017-03-01.https://www.nytimes.com/2017/03/01/business/energy-environment/darren-woods-exxon-mobil-investors.html.Retrieved 2026-02-23.
- ↑ 11.0 11.1 "Climate: Exxon working on direct air capture, but costs need to fall".CNBC.2024-04-26.https://www.cnbc.com/2024/04/26/climate-exxon-working-on-direct-air-capture-but-costs-need-to-fall.html.Retrieved 2026-02-23.
- ↑ 12.0 12.1 "Darren Woods on delivering practical solutions to advance progress".ExxonMobil.2025-06-18.https://corporate.exxonmobil.com/news/corporate-news/darren-woods-on-delivering-practical-solutions-to-advance-progress.Retrieved 2026-02-23.
- ↑ 13.0 13.1 "Exxon Carbon Emissions and Climate: Leaked Plans Reveal Rising CO2 Output".Bloomberg News.2020-10-05.https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output.Retrieved 2026-02-23.
- ↑ "Exxon Carbon Emissions and Climate: Leaked Plans Reveal Rising CO2 Output (archived)".Bloomberg News via Web Archive.2020-10-05.https://web.archive.org/web/20201005132634/https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output.Retrieved 2026-02-23.
- ↑ 15.0 15.1 15.2 "Exxon CEO accused of lying about climate science at congressional panel".The Guardian.2021-10-28.https://www.theguardian.com/environment/2021/oct/28/exxon-ceo-accused-lying-climate-science-congressional-panel.Retrieved 2026-02-23.
- ↑ "Climate crisis villains: America's dirty dozen".The Guardian.2021-10-27.https://www.theguardian.com/commentisfree/2021/oct/27/climate-crisis-villains-americas-dirty-dozen.Retrieved 2026-02-23.
- ↑ "A bone-crushing burden: Darren Woods discusses CSDDD".ExxonMobil.2025-10-02.https://corporate.exxonmobil.com/locations/european-region/european-newsroom/2025/a-bone-crushing-burden-darren-woods-discusses-csddd.Retrieved 2026-02-23.
- ↑ "Our perspective regarding the situation in Venezuela as shared with President Trump".ExxonMobil.2026-01.https://corporate.exxonmobil.com/news/news-releases/2026/our-perspective-regarding-the-situation-in-venezuela.Retrieved 2026-02-23.
- ↑ "Exxon Mobil CEO outlines technology for Venezuela's high-cost crude production".The Journal Record.2026-02-02.https://journalrecord.com/2026/02/02/exxon-technology-venezuela-high-cost-crude/.Retrieved 2026-02-23.
- ↑ 20.0 20.1 20.2 20.3 "Trump threatens to keep 'too cute' Exxon out of Venezuela after CEO provides reality check on 'uninvestable' industry".Fortune.2026-01-12.https://fortune.com/2026/01/12/trump-threatens-keep-too-cute-exxon-out-of-venezuela/.Retrieved 2026-02-23.
- ↑ 21.0 21.1 "A growing threat: Darren Woods on how policy is undermining energy".ExxonMobil.2026-02.https://corporate.exxonmobil.com/what-we-do/energy-supply/how-policy-is-undermining-energy.Retrieved 2026-02-23.
- ↑ 22.0 22.1 "Exxon CEO Darren Woods steps out of Tillerson's shadow".CBS News.https://www.cbsnews.com/news/exxon-ceo-darren-woods-steps-out-of-tillersons-shadow/.Retrieved 2026-02-23.
- ↑ "2023 CME-STEM Leadership Awards".CME-STEM.https://www.cme-stem.org/events/2023-cme-stem-leadership-awards/.Retrieved 2026-02-23.
- Pages with broken file links
- Business executives
- American people
- 1965 births
- Living people
- People from Wichita, Kansas
- Texas A&M University alumni
- Northwestern University alumni
- Kellogg School of Management alumni
- ExxonMobil people
- American chief executives of energy companies
- American chairpersons of corporations