Exxon eyes oil M&A because clean energy shift may take decades

Storage sphere tanks for liquefied natural gas operated by Aqaba Development in Aqaba, Jordan. Foto: Bloomberg photo by Annie Sakkab

Exxon Mobil CEO Darren Woods is eyeing oil and natural gas deals despite calls to reduce emissions, saying any shift in the world's energy supply will take decades.

"Energy transitions take a long time," Woods said Wednesday at the Barclays CEO Energy-Power Conference in New York. "In the meantime, the world's rising demand for energy must be met."..

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