Exxon Open For Merger & Acquisitions To Meet Growing Energy Demands

By John Heerdink LinkedIn

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.

To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

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Sep(5)

Exxon Eyes Oil M&A as Clean Energy Shift Seen Taking Decades

(Bloomberg) — Exxon Mobil Corp. Chief Executive Officer Darren Woods is eyeing oil and natural gas deals despite calls to reduce emissions, saying any shift in the world’s energy supply will take decades.“Energy transitions take a long time,” Woods said Wednesday at the Barclays CEO Energy-Power Conference..

finance.yahoo.com

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