ExxonMobil(US:XOM) 智通财经网·2025-11-03 08:36Core Viewpoint - ExxonMobil's CEO Darren Woods stated that the company may be unable to continue operations in the EU if the bloc does not significantly relax a sustainable development law that mandates companies to address human rights and environmental issues in their supply chains [1][2] Group 1: Regulatory Concerns - The EU's Corporate Sustainability Due Diligence Directive requires companies to identify and mitigate risks related to human rights and environmental damage, imposing fines of 5% of global revenue for non-compliance [1] - Woods emphasized that the current regulatory environment in Europe is overly burdensome and detrimental to economic growth, warning that the law could further suppress growth [2] Group 2: Industry Response - Major gas producers, including Qatar and the U.S., have urged European leaders to reconsider the law, claiming it threatens reliable and affordable energy supplies to Europe [2] - ExxonMobil and other companies are advocating for the complete repeal of the policy, arguing it could lead to corporate exits from Europe [2] Group 3: Business Developments - ExxonMobil has signed an agreement to assist Iraq in developing the Majnoon oil field and expanding oil exports, marking the company's return to the country after two years [2] - Woods mentioned that negotiations regarding the final parameters of the development project are ongoing, particularly concerning how ExxonMobil will be compensated [2]