WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
Operator News

ExxonMobil CEO to Skip Upcoming UN Climate Conference

The move ends a streak of attendance by the oil major's leadership as global policy discussions continue.

Bakken Wire Staff·☀️Morning Wire·

ExxonMobil CEO Darren Woods will not attend the upcoming United Nations climate talks, ending his run of participation in the high-profile conferences, according to a report from Rigzone. The development was reported on Wednesday, November 11, 2026.

The annual UN Climate Change Conference, known as COP, serves as a key forum for international policy negotiations that can influence energy markets and regulatory environments worldwide. While specific reasons for the CEO's absence were not provided in the report, the decision marks a shift in the company's visible engagement at this level.

For Bakken formation operators, including ExxonMobil's subsidiary XTO Energy which holds significant acreage in the basin, international climate policy remains a backdrop for long-term planning. Decisions and agreements stemming from these conferences can eventually filter down to affect domestic energy policy, carbon regulation, and investor sentiment toward the oil and gas sector.

The Bakken, as North Dakota's primary oil-producing region, is home to numerous operators balancing production with evolving environmental, social, and governance (ESG) expectations. Major integrated companies like ExxonMobil often set industry tones regarding climate engagement and emissions reduction targets.

The report did not specify who, if anyone, from ExxonMobil would represent the company at the talks. The company has previously outlined ambitions to achieve net-zero greenhouse gas emissions from its operated assets by 2050, a goal that encompasses its extensive global operations, including those in the Williston Basin.

Source

According to Rigzone.

exxonmobilxto energyclimate policyesgbakken operators

Share this article

Related Articles

QatarEnergy, Chevron Expand Namibia Exploration Partnership - Bakken Wire
Operator News

QatarEnergy, Chevron Expand Namibia Exploration Partnership

QatarEnergy is entering another partnership with Chevron offshore Namibia by acquiring a 25 percent stake in Petroleum Exploration License 82, according to Rigzone. Rigzone published the report Nov. 9, 2026. The source did not identify immediate Bakken-related activity, North Dakota operators or royalty owners involved in the Namibia license. For Bakken operators, the development matters primarily as a signal about how major energy companies are allocating capital across global portfolios. The Bakken formation is North Dakota's primary oil-producing region, and its operators typically compete for investment dollars, technical teams, services and market attention against large international exploration programs. Namibia's offshore license is far from the Williston Basin, and the reported stake does not indicate changes in Bakken drilling, completions or lease activity. Still, continued expansion by Chevron and QatarEnergy can shape broader expectations for global supply growth, especially when large companies commit to frontier exploration. For North Dakota royalty owners,...

🔆Midday Wire·Nov 9
Operator News

ConocoPhillips Profit Doubles to $4B, Boosts Shareholder Returns

ConocoPhillips more than doubled its third-quarter profit to $4 billion and raised its quarterly dividend by 11%, according to a report from OilPrice.com. The Houston-based producer, a major operator in North Dakota's Bakken formation, reported the surge in earnings as higher crude prices offset production declines. The company's adjusted earnings reached $3.27 per share, beating analyst estimates. Net income jumped from $1.7 billion a year earlier, despite a slip in production to 2.3 million barrels of oil equivalent per day from 2.4 million. The average realized price climbed 32% year over year to $61.40 per barrel of oil equivalent, with the global Brent benchmark averaging $89.27 for the quarter. For Bakken stakeholders, the results underscore a continued industry emphasis on financial discipline and cash returns. ConocoPhillips returned $3.4 billion to shareholders during the quarter, including $2.4 billion in share repurchases, while generating $7.2 billion in operating cash flow. The quarterly...

🌅Afternoon Wire·Nov 5
Operator News

Marathon-CVR Refinery Deal Signals Tight U.S. Fuel Supply

Marathon Petroleum is nearing a sale of several refineries to CVR Energy for about $4 billion, according to OilPrice.com, citing the Wall Street Journal. The deal could be announced later Tuesday, Nov. 3, 2026, OilPrice.com reported. For North Dakota’s Bakken operators and royalty owners, the transaction is less a regional story than a signal about where the oil industry’s value is being created. The Bakken formation is North Dakota’s primary oil-producing region, and refining capacity and margins influence the demand and economics for crude barrels. OilPrice.com reported that refining has become the star of the oil industry this year as the wars in the Persian Gulf and Russia-Ukraine have severely crippled global fuel supply. Refiners outside war zones have boosted output, and margins have surged to all-time highs, making refineries attractive takeover targets. U.S. Gulf Coast refining margins hit an all-time high of $72 per barrel in September, according to...

☀️Morning Wire·Nov 3