03/27 Closing Prices / revised 03/28/2026 07:48 GMT | 03/27 OPEC Basket  $76.11 +$0.15 cents | 03/27 Mexico Basket (MME) $67.03 +$0.33 cents |   02/28 Venezuela Basket (Merey)  $64.96   -$1.90 cents  03/27 NYMEX Light Sweet Crude  $69.92 +$0.27 cents | 03/27 ICE Brent $74.03 +$0.24 cents  03/27 RBOB  $224.64 +0.241 cents | 03/27 USLD  $ 228.47 -0.28 cents | 03/27 NYMEX Natural Gas  $3.95 +0.021 cents | 03/21 Baker Hughes Rig Count (Oil & Gas) 593 +1 | 03/28 USD – Dollar/MXN  20.3265 (data live) 03/28 EUR – USD  $1.0788 (data live)  03/28 US/Bs. (Bolivar)  $69.43870000 (data BCV) Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

CERAWeek 2023: Exxon says it is reevaluating Europe strategy after windfall taxes – Reuters

(Left to right) Daniel Yergin, vice chair of S&P Global, speaks with Exxon Mobil Corp. CEO Darren Woods on Tuesday at the CERAWeek by S&P Global conference in Houston. @CERAWeek/Twitter
(Left to right) Daniel Yergin, vice chair of S&P Global, speaks with Exxon Mobil Corp. CEO Darren Woods on Tuesday at the CERAWeek by S&P Global conference in Houston. @CERAWeek/Twitter

Sabrina Valle, Reuters

HOUSTON
Energiesnet.com 03 08 2023

Exxon Mobil Corp. (XOM.N) is reviewing its role in Europe in view of new windfall profits taxes as it increasingly invests more in the U.S., Chief Executive Darren Woods said on Tuesday.

Taxation discourage investments, he said. Governments have an important role in the energy transition by incentivating the development of new energy technologies without compromising oil supply to meet the world’s demand, Woods said at a panel during the CERAWeek by S&P energy conference in Houston.

“I think you may be very simply to describe it as carrots versus sticks,” Woods said. “We certainly step back and re evaluate what we are doing in Europe”.

Exxon is increasing investments in the U.S., where the Inflation Reduction Act helped the company launch a new business to help third parties to decarbonize.

“The IRA is obviously very important for your strategy,” Woods said.

Reporting by Sabrina Valle; Editing by David Gregorio

reuters.com 07 03 2023

Share this news

Leave a Comment


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia

 

Energy - Environment

No posts found!

Point of View

EIA Total Energy Review
This Week in Petroleum