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2025-09-19 02:11:27
ExxonMobil said it will promote the growth of its fossil fuel business in the long term as it believes that energy demand "will not change substantially" between now and 2050. The Texas-based oil giant is not interested in "chasing weekly hot topics" but will invest in oil and gas projects that it believes will still be needed for decades to come. Dan Ammann, president of the company's upstream business, said Exxon plans to double its liquefied natural gas sales by 2030 and invest heavily in Guyana and the Permian Basin to increase oil production capacity. Ammann said, "We take a long-term perspective based on fundamentals and invest accordingly. Our long-term judgment on the global energy landscape is that energy demand will continue to grow."
