Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects

2 years ago 279

Exxon Mobil Corp.’s remade committee of directors is debating whether to proceed with respective large lipid and state projects arsenic the institution reconsiders its concern strategy successful a fast-changing vigor landscape, according to radical acquainted with the matter.

Members of the board—which includes 3 directors successfully nominated by an activistic capitalist successful May and 2 different caller members—have expressed concerns astir definite projects, including a $30 cardinal liquefied earthy state improvement successful Mozambique and different multibillion-dollar state task successful Vietnam, the radical said.

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