CNBC SPECIAL: ExxonMobil at the Crossroads Part 1

Published: Aug. 24, 2022, 4:05 a.m.

b'ExxonMobil and the Energy Transition: CNBC\\u2019s David Faber begins his comprehensive look at ExxonMobil with a journey to the company\\u2019s New Mexico operations in the Permian Basin, the world\\u2019s most productive petroleum region.\\xa0 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\\u2019s board.\\xa0 Faber interviews CEO Darren Woods on the pressures he faces to increase production, decrease carbon emissions, and keep his shareholders happy.\\xa0 With an examination of Exxon\\u2019s energy transition projects in Houston and New Jersey, Faber also finds out that some experts question whether the company\\u2019s goals are adequate or feasible.\\xa0 He interviews activists who fear ExxonMobil is prolonging society\\u2019s dependence on fossil fuels and delaying progress of an essential shift towards sustainable, renewable energy. For more CNBC Documentaries: cnbc.com/documentaries'