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[$$] Exxon Mobil Is a Bet On the Future of Oil
At a time when renewable energy is on the rise, the company has been doubling down on oil and natural-gas production. Its Big Oil rivals have instead been reining in capital investment and returning cash to shareholders. Demand for oil and natural gas is expected to be strong for decades, as the world’s middle class swells by 2030, to an estimated five billion people, from three billion now.
https://finance.yahoo.com/m/aa11b80...9/[$$]-exxon-mobil-is-a-bet-on.html?.tsrc=rss
At a time when renewable energy is on the rise, the company has been doubling down on oil and natural-gas production. Its Big Oil rivals have instead been reining in capital investment and returning cash to shareholders. Demand for oil and natural gas is expected to be strong for decades, as the world’s middle class swells by 2030, to an estimated five billion people, from three billion now.
https://finance.yahoo.com/m/aa11b80...9/[$$]-exxon-mobil-is-a-bet-on.html?.tsrc=rss
