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Exxon Mobil CEO sees oil climbing further: 'They always say that the cure to high prices is high prices'

1 month ago   |   By Business Insider

In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Richard Drew/AP
Exxon Mobil's CEO predicted oil prices will climb even higher and lead to more investment.
"They always say the cure to high prices is high prices," Darren Woods told the Financial Times.
The energy giant plans to spend $20 billion to $25 billion a year through 2027 on oil and gas projects.
Exxon Mobil's CEO thinks oil prices have room to climb higher before they push companies to invest
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