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The Global Outlook is ExxonMobil’s view of energy demand and supply through 2050. A foundation of our business plan, the analysis is based on a long-term assessment of: Economic trends
- Global energy outlook: Legal information
The Global Outlook is ExxonMobil’s view of energy demand and...
- Global Outlook: Executive Summary
Our Global Outlook is our latest view of demand and supply...
- Global energy outlook: Legal information
The Global Outlook is ExxonMobil’s latest view of energy demand and supply through 2050. It forms the basis for our business planning and is underpinned by a deep understanding of long-term market fundamentals.
The Global Outlook is ExxonMobil’s view of energy demand and supply through 2050. A foundation of our business plan, the analysis is based on a long-term assessment of: Economic trends. Advances in technology. Consumer behavior. Climate-related public policy.
Our Global Outlook is our latest view of demand and supply for energy and products through 2050 assuming an aggressive but practical energy transition. It forms the basis for the company’s business planning and is scientifically grounded in our deep understanding of long-term market fundamentals.
The Global Outlook projects that the biggest change in the world’s energy mix between now and 2050 will be a significant increase in solar and wind, along with a significant reduction in coal. Energy from solar and wind is projected to more than quintuple, from 2% of the world’s supply to 11%.
The 2022 Outlook for Energy is ExxonMobil’s latest projection of energy supply and demand through 2050. To build the Outlook, we begin with current trends in economic development, technology, global policies and politics, and consumer behavior. Then we model how those trends might affect energy use.
Oil and natural gas remain the largest energy sources, while lower-carbon energy will meet more of the world’s needs. The biggest shift will be the rise of renewables and the decline in coal.
