“We see oil demand holding steady at around 100 million barrels per day in 2050, while demand for renewables and natural gas grows considerably.”
As the only O&G company that stuck to its g-ns, and continues to do so, it’s reaping rewards of its decisions
Despite all green new deal, oil and gas is here to stay.
Hopefully we also recognize that it doesn’t come easily, and we need talented geologists to explore that oil. Can we ensure we don’t erode that department?
Of course O&G will say that oil is here to stay. Companies will always justify their business model to the very end. Think AOL, blockbuster, GE, …..
Sorry OP but Exxon is incapable of attracting talented anything these days. The word is out. Nobody will come to work for this piece of shlt now or in the future. Exxon can only attract graduates from second tier universities in India. Not even the IIT graduates.
blah blah blah
How about that time when the waterboy increased investment during the down times and almost ran the company in the dirt?
Too late. Most talent already chased away. You are on your own now.
BP’s forecast shows 40-50mmbbls of demand by 2050.