Exxon's CEO says the company can more than double its earnings by 2025 and will invest in new oil and gas production even if policymakers adopt rules to combat climate change.
Darren Woods told shareholders Wednesday that technology like biofuels will allow the company to produce energy with lower carbon emissions.
Environmentalists say Woods is offering political spin instead of solutions.
The oil giant's annual meeting in a symphony hall was a tame affair, lacking the usual number of protesters. For the first time in years, there were no environmental resolutions from activist shareholders and no fiery speeches during the open-comment period.
(Source: The Associated Press)