Production

ExxonMobil: $13 trillion of oil and gas investments will be needed by 2050

Company believes oil and gas will remain a very important part of the energy mix in the decades to come

Energy demand: ExxonMobil's Liza Unity floating production, storage and offloading vessel. An ExxonMobil executive said Monday that trillions of dollars will need to be spent on new oil and gas by 2050 to sate growing demand.
Energy demand: ExxonMobil's Liza Unity floating production, storage and offloading vessel. An ExxonMobil executive said Monday that trillions of dollars will need to be spent on new oil and gas by 2050 to sate growing demand.Photo: EXXONMOBIL
Rio de Janeiro
Published 27 September 2022, 01:07Updated 27 September 2022, 01:08
BrazilExxonMobilEquinorShellRio Oil & Gas 2022