Speaking on the sidelines of the COP29 summit, Darren Woods, CEO of Exxon Mobil, said that global demand for oil was at its highest level ever, despite tensions in the Middle East. Woods stressed that Exxon's strategies do not depend on political changes, even with the return of Donald Trump as President of the United States. He pointed out that the company's shale production is on the rise and should continue to grow. Regarding the Inflation Reduction Act, he mentioned the importance of investments to reduce emissions while providing affordable energy.

He concluded by saying that despite the climate challenges, fossil fuels will remain an essential part of future energy demand, underlining the need to tackle emissions rather than the use of fossil fuels themselves.

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