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Exxon Mobil CEO Says Hydrocarbons Will Remain Critical for Long Time

Business & Policy
November 7, 2025

(Reuters) – Hydrocarbons will continue to play a critical role for a long time to come, the CEO of U.S. energy company Exxon Mobil said on Friday, adding that the question would be whether they continue to be burned as fuel.

“Crude oil and hydrocarbons are going to play a critical role in everybody’s life for a long time to come,” Darren Woods told Reuters in Sao Paulo. “I think the question is, do you continue to combust them? And that, I think, will change with time, depending on how technology develops.”

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Reporting by Oliver Griffin; Editing by Mark Porter