ExxonMobil Warns of Oil Supply Risks, Prices Could Surge 5X
XOMExxonMobil(XOM) ZACKS·2024-08-28 02:01

Exxon Mobil Corporation (XOM) forecasts that global crude oil demand will remain robust, exceeding 100 million barrels per day (bpd) through 2050, per a Reuters report.This outlook, significantly higher than BP plc's (BP) projection, underscores ExxonMobil’s aggressive production strategy, distinguishing it from its European counterparts. ExxonMobil, the largest U.S. oil company, revealed its latest global oil outlook, marking a substantial increase from BP's more conservative estimates.ExxonMobil’s product ...