4.8 • 186 Ratings
🗓️ 7 June 2023
⏱️ 50 minutes
🧾️ Download transcript
A thought-provoking conversation with the CEO of an industry giant, the powerhouse behind global energy for over a century, ExxonMobil. This is an important conversation you don’t want to miss.
The production team on this episode were PLAN-B’s Nikolai Ovenberg and Niklas Figenschau. Background research was done by Sigurd Brekke and Shilpi Nanda with input from portfolio manager Ståle Lægreid.
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0:00.0 | Hi everyone and welcome to our podcast in Good Company. I'm Nicola Tangan, the CEO of the Norwegian Southern Wealth Fund. In this podcast, I talk to the leaders of some of the largest companies we are invested in so that you can learn what we own and meet these impressive leaders. Today I'm speaking to Darren Woods, the chair and CEO of the energy giant ExxonMobil. |
0:21.0 | ExxonMobil is one of the largest and most powerful companies in the world, and it's been |
0:24.7 | the dominant energy company for our century. |
0:27.9 | It is also the largest descendant of Rockefeller's Standard Oil. |
0:32.2 | We own over 1% of ExxonMobil, translating into 50 billion groner of $5 billion. |
0:37.8 | Darren is a very impressive leader, and he has. of X-Mobile, translating into 50 billion groner or 5 billion US dollars. |
0:43.7 | Darren is a very impressive leader, and he has some challenges, but also huge opportunities in front of him, which we will discuss today. Tune in. |
0:59.4 | So, Darren, a big welcome, as we say and takes it. Howdy. |
1:00.2 | Howdy? |
1:02.7 | Good to see you. |
1:04.2 | Likewise. |
1:05.1 | Now, you run one of the most fantastically huge oil companies in the world. What was your first, what was your first meeting |
1:14.5 | with oil when you were young? Well, I have to tell you, coming out of university, my MBA program, |
1:22.3 | oil wasn't my first, or the energy industry wasn't my first go-to industry. |
1:28.3 | But ExxonMobil was interviewing. |
1:32.3 | I went and talked to the company and basically the way they think about managing a business |
1:38.3 | and the career opportunities they provide is what attracted me. |
1:43.3 | I joined the company back in 1992 with, I guess, |
1:47.6 | intentions to better understand what that opportunity set look like, never envisioned at that time |
1:53.3 | that I would find myself where I am today 30 years plus on. So it's been one of these things. |
2:00.3 | I always feel like, you know, every day you earn your place in the company, |
2:05.4 | and the company earns their place with you. |
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