May 7, 2024
ExxonMobil (XOM) will still be producing oil and gas in 2050, the energy company’s CEO told Yahoo Finance on Monday, but fossil fuels will likely be a smaller part of the business.
Darren Woods told Yahoo Finance’s Brian Sozzi and Akiko Fujita in an interview that the energy giant will “still be producing oil and gas depending on how quickly the world transitions” to green technologies.
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