Speaking at a panel at the Bloomberg Qatar Economic Forum in Doha, Woods added that the company had asked the U.S. administration for a more efficient investment process. U.S. President Joe Biden this month accused the U.S. oil industry, and ExxonMobil in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a 40-year record high. ExxonMobil is expected to sign a partnership agreement with QatarEnergy on Tuesday for the Gulf state's North Field East expansion, the world's largest liquefied natural gas (LNG) project, QatarEnergy CEO Saad al-Kaabi said.