Like its ocean-crossing oil tankers, Exxon Mobil Corp.’s strategy can take some time to turn. When it does, the impact can be striking.
Since Darren Woods replaced Rex Tillerson as chief executive officer in January 2017, Big Oil’s biggest producer has quietly assembled a vast portfolio of new resources, pumping billions of dollars into exploration and acquisitions.
The goals: Revive a share price that’s lagged peers, reverse a long-term growth problem and outmaneuver rivals focused on paying down debt. The plan may be about to pay off, just in time to take advantage of oil’s recent surge.
Brazil Energy Insight 
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