Exxon Mobil Corp. $XOM has reaffirmed its commitment to its current capital allocation strategy, demonstrating confidence in its operating model even if oil prices retreat to USD 50 per barrel. CEO Darren Woods made this announcement at the company’s annual meeting, referencing robust stress-testing conducted at the end of last year. The exercise modeled scenarios harsher than current market conditions, underscoring Exxon’s ability to maintain investment momentum and uphold shareholder returns without altering its core approach—even with oil futures (WTI) currently trading near USD 65 per barrel.