Great summary by a Harvard Business School Professor on the Engine No.1 slide deck.
‘’ A concise summary of the reality of ExxonMobil’s corporate strategy is, “As long as there’s oil and gas out there, we’re gonna drill for it. No matter the cost and how much money we lose in doing so.”
An equally concise summary of their Magical Mystery Tour strategy is, “Hey, not to worry. Thanks to our amazing efforts in carbon capture and storage, with a little bit of help from our algae friends, all will be well!” ,,
https://www.forbes.com/sites/bobeccles/2021/04/29/exxonmobils-investor-magical-mystery-tour-waiting-to-take-you-away/