Almost all of the oil companies will have the same fate, maybe some a little before others. There will also be some consolidation as well. One or two of the brands may survive as a green company too, but eventually it’ll sell all of its oil and gas to private firms and state run oil companies run by non democratic countries who can shield their climate impact. In public markets, oil and gas is never going to have a high multiple. So execs and shareholders chasing returns will shed the oil and gas as they turn green, for the ones that don’t die trying to turn green. Which brand I have no idea. Perhaps it’ll be XOM, perhaps not.
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Interesting angle, @svj+1dJnkF7D. I certainly won’t be at XOM at that point, but I often wonder if XOM can survive as a green company?
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Who cares about Exxon and green energy. You will be piped either way …
You might want to read something, at least the most recent headlines, about how the “energy transition”is going.
GE, IBM, Enron, ExxonMobil
Let me just tell you this.. ready carefully below
"WE'RE DYING AND WILL ONLY HAVE 1 EMPLOYEE"
We're a commodity trading operation now.
All about the green.
Didn't you hear?