08:32 AM EDT, 10/13/2025 (MT Newswires) -- Exxon Mobil ( XOM ) is trimming its investment in Europe and selling assets as the EU's climate and human rights regulations are "slowing things down," Exxon Mobil ( XOM ) Chief Executive Darren Woods said on the stage at the Energy Intelligence Forum conference in London, Bloomberg reported.

Woods added the oil and gas giant is concerned US shale oil output growth is likely to fall, though could change if US energy firms learn how to extract more than 10% -- roughly the current rate of recovery -- of the oil held within shale reservoirs, Bloomberg reported.

Exxon Mobil's ( XOM ) stock was up 0.3% in recent Monday premarket activity.

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