Exxon Mobil CEO Says Need Policies That Focus On Emissions Reduction Rather Than On Eliminating Oil And Gas
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil's CEO has stated that policies should focus on emissions reduction rather than eliminating oil and gas. This statement comes amidst increasing pressure on the oil and gas industry to transition towards renewable energy sources.
September 18, 2023 | 4:10 pm
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NEUTRAL IMPACT
Exxon Mobil's stance on emissions reduction could potentially influence its public perception and investor sentiment. The company's focus on reducing emissions rather than eliminating oil and gas may be seen as a positive by investors who believe in the continued relevance of the oil and gas industry.
Exxon Mobil's CEO's statement could potentially influence the company's public perception and investor sentiment. While the statement may be seen as a positive by those who believe in the continued relevance of the oil and gas industry, it could also be seen as a negative by those who believe the industry needs to transition more quickly towards renewable energy sources. Therefore, the short-term impact on the stock price is neutral.
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