In its first quarterly earnings call since an investor insurgency revamped the company’s board of directors, ExxonMobil’s leadership is focused on shareholder returns while placing emphasis on operations offshore Guyana and in the Permian basin in the US.

Chief executive Darren Woods said he and other members of ExxonMobil’s management team had “received some very explicit feedback” from shareholders before and after the company's annual meeting in May that led to three nominees backed by hedge fund Engine No.