ExxonMobil at CERAWeek 2024: More is better, but not simple

2 min read

Key takeaways:

• We're a technology company, working to meet society's evolving needs.
• Diversity of supply can help ensure energy security, which is crucial.
• We're reducing our own emissions and helping our customers reduce theirs.

2 min read

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There's no denying an energy transition is underway. But the energy transition can mean different things to different people.

In much of the developed world, the energy transition means concentrating on the need to reduce emissions. Meanwhile, many developing nations are focused on transitioning from wood and animal waste to reliable electricity or heating oil. And in both instances, countries are concerned with energy security, which leads to higher living standards and better lives.

Bottom line, the energy transition will require many solutions, many technologies, all around the world and along varying timelines. It's anything but simple.

And it's where companies like ExxonMobil play an important role.

Reducing emissions without sacrificing energy security for billions of people will take multiple solutions, and we're focused on doing our part. Our strategic investments are designed to help shape a sustainable energy future for us all.

_{*As of year-end 2023}

_{** ExxonMobil analysis based on assumptions for U.S. in 2022, including average distance traveled, fuel efficiency, average power grid carbon intensity, electric vehicle charging efficiency, and other factors. Gasoline-powered cars include light-duty vehicles (cars, light trucks and SUVs).}