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The Outlook for Energy is ExxonMobil’s global view of energy demand and supply through 2040. We use the data and findings to help guide our long-term strategies and investments. It also highlights the dual challenge of ensuring the world has access to affordable and reliable energy supplies to support prosperity while reducing environmental impacts – including the risks of climate change. We share the Outlook with the public to help promote a better understanding of the issues shaping the world’s energy needs.

Introduction

Each year, ExxonMobil analyses and updates its long-term view on energy supply and demand. Why is this important? Simply because energy is fundamental to modern life.

Energy fundamentals

What will the world’s energy picture look like in the future? To answer this question, we need to start by analysing the world’s long-term demographic and economic trends.

Energy demand

Global energy demand will continue to rise through 2040, reflecting its fundamental link to growing prosperity and better living standards for an increasing population worldwide.

Emissions

Providing reliable, affordable energy to support prosperity and enhance living standards is coupled with the need to do so in ways that reduce impacts on the environment, including the risks of climate change. This is a dual challenge ExxonMobil takes seriously.

Energy supply

What resources will be available to meet the world’s increasing demand for more energy? Technology advancements underpin the diversification of energy choices.

Pathways

Addressing the risks of climate change implies a variety of potential future pathways that would affect supply and use of energy across society. Advancing the application of cost-effective technology solutions will likely be critical to pursue a 2°C pathway, while helping keep energy reliable and affordable.

Energy matters

As the world’s population approaches 9 billion people in 2040, we are challenged to help improve living standards everywhere. We expect that progress will be powered by human ingenuity and the energy that helps make better lives possible.

Videos

Learn more about the Energy Outlook from our experts in ExxonMobil strategic planning.

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