Exxon Charts Closer to Home Strategy as New CEO Pivots Oil Giant

Exxon Mobil Corp. is pinning its fortunes closer to home as new CEO Darren Woods veers from the oil titan's longtime focus on Asian and African riches.After a two-year pricing rout erased 19 percent of Exxon's untapped crude by making it unprofitable to extract, Woods faces a tough task in sustaining the company's output. His ability to replenish the portfolio will rely heavily on regions the driller long avoided: the U.S. Great Plains and Latin America.  Continue reading...

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