ExxonMobil will still be producing oil and gas in 2050, the energy company's CEO told Yahoo Finance, but fossil fuels will likely be a smaller part of the business.
An Exxon Mobil led oil consortium has achieved peak production of 252,000 barrels per day from its Liza Unity production vessel, Exxon Guyana Country Manager Alistair Routledge said on Wednesday. The consortium, which includes Exxon, Hess and CNOOC , expects to inaugurate output next year using its newest vessel, called One Guyana, Routledge said in remarks at the Offshore Technology Conference.
Despite having a stable business model, Enbridge is not cheap now on a relative basis. Hence, it's advisable for investors to be cautious prior to the company's Q1 earnings announcement.