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ExxonMobil Doesn't Believe the World's Quest for Net Zero Emissions by 2050 Is Achievable

ExxonMobil Doesn't Believe the World's Quest for Net Zero Emissions by 2050 Is Achievable

ExxonMobil (NYSE: XOM) firmly believes the world will need its oil for a long time. The company doesn't think the global economy will reach its target of achieving net-zero emissions by 2050 by pivoting to lower-carbon sources like renewable energy. It's taking a balanced approach to continue supplying the world with low-cost fossil fuels while investing in producing the lower-carbon fuels of the future.