Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
As per reports, Chief Executive Officer, Exxon Mobil, Darren Woods is considering oil and natural gas deals, in spite of growing environmental concerns and limitations for the energy sector. The oil giant is expecting long term growth of 0.6% per year for oil and increase in demand for natural gas is expected to increase by 1.3% per year.
“Energy transitions take a long time,” , “In the meantime, the world’s rising demand for energy must be met.” stated Woods at the Barclays CEO Energy-Power Conference in New York.
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