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ExxonMobil?s Outlook for Energy Forecasts Shift in Global Energy Balance and New Opportunities for International Trade and Economic Growth

Dateline City: 
   
           
                    IRVING, Texas        
       


   
           
                   
         Global energy demand expected to be 35 percent higher in 2040 versus          2010 as population and economy grow      
         North America likely to transition to net energy exporter by 2025      
         Oil and natural gas supplies benefit from advanced technologies and          will meet about 60 percent of global energy demand in 2040      

       
       

IRVING, Texas--(BUSINESS WIRE)--The global energy landscape will evolve significantly as regional
      demand-and-supply patterns shift in the coming decades, creating new
      opportunities for international trade and economic growth, says ExxonMobil?s
      Outlook for Energy: A View to 2040, which was released
      today.
   
   
      ?Energy is fundamental to our way of life and essential to grow our
      economy,? said Rex W. Tillerson, chairman and chief executive officer of
      Exxon Mobil Corporation (NYSE:XOM). ?Understanding future energy trends
      is critical for effective policy decisions that can help ensure safe,
      reliable and affordable energy development and economic growth, job
      creation and expanded global trade.?
   
   
      In its annual forecast, ExxonMobil projects that global energy demand in
      2040 will be approximately 35 percent higher than in 2010. Future energy
      needs will be supported by more efficient energy-saving practices and
      technologies, increased use of less-carbon-intensive fuels such as
      natural gas, nuclear and renewables, and the development of
      unconventional energy sources that were previously inaccessible without
      technology advances.
   
   
      Oil will continue to be the most widely used fuel, but natural gas --
      the fastest growing major fuel -- is expected to overtake coal by 2025
      as the second most used fuel. Demand for natural gas will increase by
      about 65 percent through 2040, and 20 percent of global production will
      occur in North America, supported by growing supplies of gas from shale
      and other unconventional sources.
   
   
      New technologies will continue to be key to development of reliable and
      affordable energy, which is central to economic growth and human
      progress, the Outlook for Energy concludes. Significant
      advancements in oil and natural gas technologies have safely unlocked
      vast new supplies, already changing the energy landscape in North
      America and expanding supplies to help meet growing global energy demand.
   
   
      The Outlook for Energy projects that North America is likely to
      transition to a net energy exporter by 2025. Over the next two decades,
      more than half of the growth in unconventional natural gas supply will
      be in North America, providing a strong foundation for increased
      economic growth across the United States, and most notably in industries
      such as energy, chemicals, steel and manufacturing.
   
   
      These resources will also create new opportunities for global trade with
      countries in Europe and the Asia Pacific region, which are reliant on
      international markets to meet domestic energy requirements. The changing
      landscape and resulting trade opportunities will continue to provide
      consumers with more choices, value, wealth and good jobs.
   
   
      The Outlook for Energy projects that energy for electricity
      generation will continue to be the largest component of global demand
      and is expected to grow by 50 percent to 2040. The growth reflects an
      expected 85 percent increase in electricity demand, led by developing
      countries where 1.3 billion people are currently without access to
      electricity.
   
   
      As the world gradually transitions from coal to cleaner fuels for
      electricity generation, natural gas, nuclear and renewable energy
      sources, including wind and solar, will represent a greater share of the
      global energy mix. Natural gas, which emits up to 60 percent less carbon
      dioxide than coal when used for electricity generation, will grow the
      most. By 2040, natural gas will account for 30 percent of global
      electricity generation, compared to less than 25 percent today.
   
   
      The Outlook for Energy highlights the important role of
      efficiency in helping balance energy demand with the growing world
      economy. Energy-saving practices and technologies, such as hybrid
      vehicles and high-efficiency natural gas power plants, will help
      countries in the Organization for Economic Cooperation and Development
      (OECD) increase economic output by 80 percent without increasing total
      energy use. In the transportation sector, the number of cars on the road
      worldwide is expected to approximately double by 2040, but the fuel
      demand will actually plateau and gradually decline as consumers turn to
      smaller, lighter vehicles and technologies improve fuel efficiency.
   
   
      The Outlook for Energy is developed each year by a team of
      experts using a combination of public and proprietary sources, and
      guides ExxonMobil's global investment decisions. Many of its findings
      are similar to those from other respected organizations, including the
      International Energy Agency. ExxonMobil publishes The Outlook
      for Energy each year to encourage broader understanding of energy
      issues among policymakers and the public to enable informed decisions on
      energy issues.
   
   
      Among this year?s findings:
   
   
     
        Energy demand in non-OECD countries will increase 65 percent by 2040
        compared to 2010, reflecting growing prosperity in nations that
        include more than 80 percent of the world?s population.
     
     
        Electricity generation is expected to account for more than half of
        the increase in global energy demand over the next few decades.
        Natural gas, nuclear and renewables will grow to meet rising
        electricity demand, while coal and oil use for power generation will
        decline.
     
     
        Global transportation-related energy demand will rise by more than 40
        percent from 2010 to 2040. The growth is almost entirely from
        commercial transportation -- heavy duty, aviation, marine and rail --
        as expanding economies and international trade spur greater movement
        of goods.
     
     
        Evolving demand and supply patterns will open the door for increased
        global trade opportunities. The changing energy landscape in
        conjunction with an abundance of free trade opportunities will help
        lead to more choices and creation of value that helps fuel economic
        growth and improve living standards worldwide.
     
   
   
      Demand for reliable, affordable energy exists every day in every
      community. Meeting this demand requires foresight and effective
      long-term planning followed by huge investments and years of work to
      build the infrastructure required to produce and deliver energy around
      the world. It also takes an ongoing ability to understand and manage an
      evolving set of technical, financial, geopolitical and environmental
      risks in a dynamic world. The Outlook for Energy is an essential
      tool to help ExxonMobil provide the energy needed for continuing human
      progress.
   
   
      For more information about ExxonMobil?s Outlook for Energy, visit www.exxonmobil.com/energyoutlook.
   
   
      Cautionary Statement: The Outlook and this release contain
      forward-looking statements. Actual future conditions (including
      economic conditions, energy demand, international trade flows, energy
      supply sources, and efficiency gains) could differ materially due to
      changes in law or government regulation and other political events;
      changes in technology; the development of new supply sources;
      demographic changes; and other factors discussed in The Outlook
      and under the heading "Factors Affecting Future Results" on the
      Investors page of our website at www.exxonmobil.com.
      See also Item 1A of ExxonMobil's latest Form 10-K.
   
   
      About ExxonMobil
   
   
      ExxonMobil,
      the largest publicly traded international oil and gas company, uses
      technology and innovation to help meet the world?s growing energy needs.
      ExxonMobil holds an industry-leading inventory of resources, is the
      largest refiner and marketer of petroleum products, and its chemical
      company is one of the largest in the world. Follow ExxonMobil on Twitter
      at www.twitter.com/exxonmobil.
   
   
   
 
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      Contact HTML: 
   
           
                                              ExxonMobilMedia Relations, 972-444-1107                
       


      Ticker Slug: 
   
           
                          Ticker:    XOM        Exchange:    NYSE

Source: ExxonMobil?s Outlook for Energy Forecasts Shift in Global Energy Balance and New Opportunities for International Trade and Economic Growth

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