How ExxonMobil Is Planning For A Future Of EVs 

What a long advertisement

So basically this is a large advertisement for Exxon’s greenwashing campaign

The (literal) blue collar shirt on this guy tells you right away that this interview was highly curated by their marketing department.

Nice ad CNBC, put a disclosure banner at the bottom next time

Is it deliberate that he left nuclear and geothermal off his list of technologies?

This company will shrink like 30% in the next 10 years

I think they know something we don’t… like that we are running out of oil

So much fake news in this interview. If you look at the world's total crude and gas production of roughly 100 mboe per year, there is no way the world needs all of that to become plastics in the future. Unless the company is also working on modifying or replacing humans to be made out of plastic, and eat and drink plastic. There is a fundamental reason sane people are skeptical about carbon capture ever scaling up. Why even bother producing and burning petroleum, and then spend even more capital and operating cost to capture emissions? How can that be cheaper than renewable energy that is already cheaper than just the cost of producing expensive oil & gas in the first place? Yes, we need oil & gas during the transition because it will take time to switch. We cannot just shut off the wells today. But the economic logic of the switch will move oil & gas consuming sectors away quickly. Which is why oil & gas is lobbying to stop governments and cities to act on moving away from usage like gas for heating buildings. They know they will not win the case on fair competition basis. We do NOT need to invest in replacing the full capacity of our old fossil fuel energy system. The man is smart enough to know that, but he cannot say it because then his company's future looks like badly burnt toast. Of no value to society or shareholders. Everyone knows the largest use for petroleum is transportation fuels. But, battery to wheels has higher than 85% efficiency already, compared to hardly 25-27% for tank to wheels in a gasoline car. Electricity is easily 3x more efficient in the largest oil & gas consumption market! Another large use for oil & gas is building heat. Electric heat pumps can transfer 3-5 times more heat to the building, compared to burning gas to produce 1x heat. So, you need to produce only 1/3rd to 1/5th of the energy for the same end result. You don't have to believe me. Look at the US Energy consumption charts from Lawrence Livermore National Lab. 67.5% of the energy consumed in the US is just wasted as rejected energy. That is more than two thirds of energy going to waste. Electrification needs to replace only the actually useful 32%! Adding another 10% losses takes it to 35% of today's energy system. That means we need more electricity in the future. But far less total primary energy in our system. But the best moment of this video is around 14 minutes. An Exxon Mobil Chairman & CEO says that they always understood that climate change is man-made and driven by CO2 added to the atmosphere! After claiming for years in the courts and in the public that they never knew. Just Wow!!

It might not come about soon, but it has to work. Some areas will continue to need fuel for power for a really long time.

This entire interview was a massive nothing-burger. The CEO basically said they don't want to invest in greener technologies cause they don't see a need to. They think it's more economically viable to recapture carbon emissions, but don't want to commit to doing it because there aren't government incentives or demand. And their estimates that demand will be similar to '13-14 years if ALL EVs are on the road? Their profit margins are MASSIVE from Transportation and Oil Demands from Transportation... they think they're going to maintain those levels by making plastic products? Give me a break. Massive nothing burger of an interview and it boils down to "We're not changing anything."

How do you regenerate oil that's been pumped out of the ground?

split fit: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HsnjcVjBiwM.html

Exxon is waking up to reality

I will believe it when i see it.

EVs are not the future, public transit and high speed trains are.

Yeah and this is why gas companies are cranking up prices. It’s the last gasp of air before they switch over

Intersting take.

What's Exxon's relationship with the EPA, currently?

Exxon-Mobile. Destroyers of Earth.

There’s a demand for carbon in the air because the technology hasn’t progressed enough to meet the current demand… is this an argument or a statement on how they’re not helping the situation.

The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning " TERESA JENSEN WHITE ". This prompted me to get in touch with her, and from March 2022 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.

Is the current Catholic Church liable for the actions of Cortez in South America despite drastic policy change?

75% gas Vehicles 20% Electric vehicle oil is the economics of the world ,

That is a joke. If there's nothing but electric vehicles by 2040, then ExxonMobil will be out of business. There's no way they could replicate their numbers in 2013 & 2014, that's impossible.

The oil companies aren’t going to “take a hit” because they will fueling the power stations that generate the electricity everyone will have to plug into. 😂

What does he think of government price controls?🤔

Have you studied the history of European exploration before the Industrial Revolution?

What can I buy in American cities with a check from a Panamanian Bank?

I'm glad they're changing their view on green energy. Wind turbines, solar panels, batteries, plastics, etc are all made using oil. Their business isn't going anywhere.

Let’s increase taxes and everyone can be voluntold to pay more money for less energy because the government calls it “clean” energy. I think if everyone pays the government more money we will save the world. lol 😂

The CEO is mocking the CNBC interviewer

The problem is though "where [Exxon] is today," is where Exxon should have been twenty years ago, and then they would be in an even better place today. Instead, Exxon has always chosen to take the most profitable course, even if it's also the most destructive. Every generation, Exxon will shed crocodile tears about how they are better than they were a generation ago, and how they're "just getting started" at doing the right thing, when everyone was telling them to "just get started" a generation previous to that. When will they ever get out _ahead_ of problems and not cause damage that they need to clean up later? If Exxon had started working toward a carbon neutral future two decades ago, then it would be much less stressful to do it today.

ExxonMobil will become a shell of the former company in the near future

What corporate structures own Nuclear Power Plants?

Since when did CNBC start censoring comments?

According to the US Energy Information Administration (EIA), Petroleum is the main source of energy for transportation. In 2021, petroleum products accounted for about *90%* of the total U.S. transportation sector energy use. Biofuels contributed about 6%. Natural gas accounted for about 4%, most of which was used in natural gas pipeline compressors. Electricity use by mass transit systems provided less than 1% of total transportation sector energy use. Even though transportation only accounts for 28% of the total US energy consumption in 2021 and the other 72% goes to electric power, industrial, residential, and commercial, that is still a hefty chunk. You sitting here telling me that by 2040 Exxon is still gonna be alive? Exxon must have transformed into a diff company by then.

Lol of coarse exon knew about it. Just didn't do anything till it is now affecting their $$

If you look at it, and just imagine that carbon capture works, it would be awesome. So won't you buy our PR BS?

thats what pure unadulterated evil looks like.

He is right tho, it will cut global natural gas use arpund the world, but not by a significant amount tbh

Internal Combustion or GTFO, Electric has it's place, but out here in the country in the middle of nowhere Canada we need a real truck.

This ready to retire hypocrite could care less

Is this a joke

Dennis is predicting that ICE vehicles will be sold until 2040? Tony Seba is predicting that this will happen well before 2030. Dennis is hoping to fool people with Hydrogen fuel despite it's huge cost and production of CO2. This interview will not age well.

Here we go again with propoganda

With all the hot air he is blowing he should look into wind power he could definitely provide the fuel for a few wind turbines in this interview alone.

Nice commercial for Exxon

We already have a carbon capture system. It is called plants. But what he is talking about is an industrial carbon capture system so that they can extract MORE money from the problem they created in the first place.

I used to work for Exxon, now ExxonMobil, since a long time, the company has invested in investigation and new technologies, one of them is MTG, converts methanol into gasoline, methanol used to be produced from natural gas, now is going to be produced using green hydrogen, that means, a way to produce fuels directly from solar and wind energy

Absence of nuclear in this conversation is telling.

Geothermal is the most overlooked option out there. It time it gets more attention. It can help.

He's right. Everyone focuses on personal transport because that's what's easy to understand. In reality personal transport is only about 7% of global CO2 emissions.

I wonder if he logs in as Wayne Tracker whenever he needs to discuss climate change internally on the Exxon email system.

I like the snake oil he’s selling. I’m gonna buy some!

He Dreaming , bye bye Exxon , it’s all about cost , ev Trucks are far cheaper and more powerful and improving. Get with the program all these renewable issues have been overcome , he simply has not done the numbers….$

Somebody needs to tell him it’s going to be much sooner than 2040 , considering some countries car registration last month have been as high as 70% EV .

You’d almost think they’ve been hoping for the world to move beyond fossil fuels rather than actively fighting against such moves for decades.

Fantastic interview, really enjoyed this one!!!

as batteries get better and cheaper, it will disrupt more than just consumer vehicles. It will change how to drive, fly and sail. I wonder if they've considered this.

Boa tarde, gostaria trabalhar com vosco can i have this opportunity to work with the company?

👀

If oil is truly a non-renewable resource then destroying it by burning is insane. We have no viable replacement for hydrocarbon-based plastics and other chemical products. Long-term they're more important than transportation.

Bio-fuels and carbon capture? Really! So depressing. We will never get to net zero if guys like this get their way.

When carbon dioxide is stored underground in a process known as geological sequestration, it can find multiple escape pathways due to chemical reactions between carbon dioxide, water, rocks and cement from abandoned wells, according to Penn State researchers.

Why are we giving them free advertising and why isn’t this labeled as advertising?

This is such BS

delusional

WOULD YOU INVEST IN A TECHNOLOGY BASED ON SCIENTIFIC THEORIES YOU DON'T FULLY COMPREHEND??? There’s a lot more to it than that. In fact when Einstein developed the special and general theories of relativity I believe at that time only about 10 other people on Earth understood it; a lot of complicated math and physics! He had to study parts of various disciplines to come up with it. They called it an Amazing discovery with no practical use, at least at that time! NOW THE SPECIAL AND GENERAL THEORIES OF RELATIVITY ARE FUNDAMENTAL IN SPACE AND SATELLITE TECHNOLOGIES SUCH AS GPS!!!

Don't bother, ExxonMobil. Nobody wants and EV except wind turbine huggers.

Biblical revelations : the project manager of the construction & planning of the new heavens & earth : the establishment of the thousand years of peace on earth :. coop stuff to think no about : youth ministries & adult bible study : the achitecs &; facilitator's &;world-wide project management

The sooner these dinosaur companies die the better!

ExxonMobil must be paying a ton for all these videos.

AVIATION, OIL FOR MACHINES INCLUDING ELECTRIC ONES provides a future for oil. However, when all the oil is pumped out of the ground and spewed into the atmosphere will society collapse if and electric based infrastructure is present at that time?

So rich , wealthy and they need incentives ? Mobile needs incentives? 💰 Yet talk about green and red hydrogen. Why should consumers, taxpayers, give money to a company that's RICH beyond belief. What kind of guy talks hope then threatens us? These guys been Ying yang ing since 1979. It's all talk and no new technology. What the hell have they been doing? All the taxpayer money they get AND NO RESULT SINCE 1979?

EVs don't have point source pollution and that is good for local air quality, but people also need to understand that EV manufacture emits a lot more CO2 than making combustion engine vehicles, so the lifetime savings in CO2 (as of 2022) is not substantial. EV carbon footprints will likely improve over time, but the world still needs quite a lot of oil and natural gas to, ironically, enable the transition away from oil and natural gas.

I wanted to ask a question I no every company has there policies. In Abu Dhabi United. ExxonMobil oil drilling. After they finish their job. Are charging the workers to get there certified of finishing $1.000. And that's not right. Some of them gentleman and females. Have family. That's not fair. It's for security. Not good

The global energy supply has changed over history and will continue to change. Biomass. Whale oil. Kerosene. Leaded. Unleaded. Natural gas. Nuclear. Wind. Solar. Pop Rocks.

So ExxonMobil should start buying petrochemical companies so they don't source non-oil ingredients. I suspect bigoil would prefer to sell to bigger users. Shipping/cement/big industry and natural gas (with CCS). Bigoil is praying that its politicians will buy into CCS so they can offer a reverse money maker ie pay is to send the carbon back down. The IPCC report does mention that CCS will be needed but the economics are NOWHERE near the cost thats affordable. Bigoil has also done alot to cut the extraction cost of oil since the oil price fall and now its war related bumper profits and bumper management bonuses. Meantime demand keeps rising. Interesting to see that Exxon don't consider nuclear and battery cannot bridge the gap. So meantime Exxon are saying we will "invest in tech for the miracle changes" and just keep working as usual. Pity Exxon lied about climate change for so long. 2050 as a target will not be accepted by shareholders for just carbon neutrality.

What a leader for XOM! Vision plus…

Red Flag 🚩 here

About time.

If Exxon mobile has a language barrier, try learning the natives languages with Apple’s products! They’re cheaper and more efficient than Universities as well as portable!

Burn, 🔥🔥🔥🔥🔥🔥🔥 and MORE BURNING FOSSIL FUELS. Love that don't you LOVE all that SMOG?

Electric & CNG fuel : george jettson fkying vehicaks 2024 Austin tx.hog eye rd. Mobile loaves & fishes inc.

El poder y el control que ejercieron con la tecnología de combustibles de hace dos siglos atrás, a excepción de algunas mejoras y retirarle el plomo, a ahora ya dejarán avanzar realmente en la tecnología de los combustibles y así avanzará la humanidad en su tecnología en otros ámbitos, aunado al retraso tecnológico de los vehículos.

ExxonMobil need to put their profits into building wind and solar farms

Fuel is not going away! Exxon needs to switch from a gas and diesel company to a hydrogen generating, plastic producing, and renewable only company. This CEO just does not see the future of the company and that is why it will fail in 40 years.

Talking biofuels, carbon capture, hydrogen. So predictable. EVs are only going to be a "small portion" of the picture. Riiiight.

Have you ever considered utilizing "dirty money" to help finance corporate infrastructure? How does one define "dirty money," that which is derived from cocaine trafficking?

When did Exxon Mobile get involved with producing electrical power plants ?

Interview much better than CNBC Faber’s Exxon-at-the Crossrodes show. Business exists to fulfill a consumer need. That is what Exxon attempts to do each day - we are blessed to have such a thoughtful business!

This guy has no clue on the economics and engineering of carbon capture. There is no magic bullet for carbon capture, the chemistry and thermodynamics have been known for 100 years.

It's good if we have things for future,capitalist did revolutionize the means of production,communist manifesto says this and it doesn't mean capitalist capital and profit won't be catastrophe on earth where we live or won't come in conflict of majority for fundamental needs and shifting the economics back to fundamental needs only

EV is a toy. I have m y V8 BMW, pushing the metal, the fire blows out from exchaust. this is power. EV is for hobos

🤮 want to throw up listening this biggest polluter. Only steep Carbon Tax can level completion for everyone who really wants to build carbon free energy.

Smart guy and thinks telling very logical and offering right solutions . I hope thay truthful and on mission helping fix global worming and carbon emissions problems.

When the European explorers sailed the globe on wooden wind powered ships their was successfully business and some very nasty exchanges!

This company is only focused on oil and gas prices and cares about nothing else. The company is extremely traditional in the way they do things and that's partly because they've never been challenged with trying to find ways to cope with financial struggle. Since all they do is extract crude from the ground and then refine it, and that's how it's always been, they were never pushed into changing their mindset. So if they cannot do simple things like automating easy processes or conducting IT implementations, why should I believe these guys will ever shift their ways of producing? Plus they have a perverse ideology. They see employees as part od the cost equation, so regardless of your merit within the organisation, they will dump you if they have to or simply let you go no questions asked. They do the same with inflation, postponing as much as they can every possible salary adjustment, and with other regulations as well. If a company behaves terrible with its employees, I do not really think this company has any good intentions at all.

A few things. Whatever this guy is saying does not mean that it’s true and does not mean that they are at a point where he’s says they are! The other issue is is that he thinks they are going to be able to work with energy creation. It’s transitioning extremely quick. California had two days in the last month and a half that were 100% renewable, as far as energy for the state. Renewable energy for homes, and companies is going way faster then EV’s. I am skeptical, and I don’t think they are smart enough to believe in 2040 all cars sold may be electric. The last issue of Gas is going to run out at something.

The Moral Case for Fossil Fuels. ALEX EPSTEIN 's "Fossil Future" on sale now June,2022. HUMAN flourishing