From Yahoo Finance:

Exxon CEO Darren Woods is taking a bold stance, filing arbitration against Chevron and suing investors to defend his company’s offshore oil project. In a pushback against ESG, Woods argues for the continued need for fossil fuels, resonating with investors as Exxon’s stock rises by 89%. Despite criticisms, Exxon’s financial strength is evident with the acquisition of Pioneer Natural Resources Co. and major oil developments in Guyana. The energy transition debate is heating up, with Exxon focusing on long-term shareholder value and a lower-carbon future, but facing skepticism about the industry’s ability to generate cash in a carbon-constrained future.



Read more at Yahoo Finance: Exxon Chief Goes on the Offensive as Wall Street Sours on ESG