The Outlook for Energy: A View to 2030

The oil industry is one that is often characterized by fast paced decision making. It is therefore sometimes easy to forget that executives at oil companies are also challenged with making long-term decisions that can and do often impact their companies many years in the future. ExxonMobil is a company that has been among the best at long-term planning and execution. This past week at Columbia University, Mr. Jack Buono, General Manager of ExxonMobil’s Marine Transportation group, presented ExxonMobil’s newly released long- term outlook for the energy markets. As shown below, ExxonMobil expects overall demand for energy to continue to grow with oil and gas playing a key role.