Squawk on the Street
CNBC SPECIAL: ExxonMobil at the Crossroads Part 1
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ExxonMobil and the Energy Transition: CNBC’s David Faber begins his comprehensive look at ExxonMobil with a journey to the company’s New Mexico operations in the Permian Basin, the world’s most productive petroleum region. He also dives into the history of ExxonMobil, explores criticism that the company fostered public uncertainty about climate change and recounts the 2021 shareholder rebellion that led to three new directors being named to Exxon’s board. Faber interviews CEO Darren Woods on the pressures he faces to increase production, decrease carbon emissions, and keep his shareholders happy. With an examination of Exxon’s energy transition projects in Houston and New Jersey, Faber also finds out that some experts question whether the company’s goals are adequate or feasible. He interviews activists who fear ExxonMobil is prolonging society’s dependence on fossil fuels and delaying progress of an essential shift towards sustainable, renewable energy. For more CNBC Documentaries: cnbc.com/documentaries
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