Exxon Mobil Prepares for Pivot as EVs Threaten to End Demand for Gasoline

September 29, 2023 14:14:08

The fate of many oil producers was sealed in stone when the global community pledged to replace fossil-fuel vehicles with zero-emission battery electric vehicles. While it was unlikely that these companies would fold as the world moved away from fossil fuels, oil producers would have to pivot their entire business strategies to stay in line with global climate change goals.

Exxon Mobil, one of the largest international publicly traded gas and oil companies, is one of the fossil-fuel producers…

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