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Exxon Mobil Corporation (NYSE:XOM) Predicts Increase In Energy Demand

Boston, MA 12/17/2013 (wallstreetpr) – Exxon Mobil Corporation (NYSE:XOM) said in a report recently that the demand for energy sources is likely to grow at a rapid growth in the decades ahead. This is because the population of the world is increasing and Third World societies are modernizing. The Irving-based oil giant, Exxon Mobil predicted in its annual energy outlook that the global demand for energy will increase by 35% by the year 2040. The report also added that the mankind is lucky enough as the world does not only hold a diverse and vast range of sources of energy but also increasingly advanced technologies, which will supply this energy reliably and safely.

Advantage

The company gives out its outlook of energy every year which helps in the increase of revenue of the company that is greater than GDP (Gross Domestic Product) of many countries. This is because the company provides its viewpoint to the leaders of the world. Prediction

The company predicts that the year 2014 is going to be positive for the oil industry. Also it predicted that the demand for energy will stay flat in the countries like Europe and United States in the years ahead because appliances and cars are going to be efficient. The growth in the energy industry of the world is going to be highest in China and India.

Report

According to the report, these two countries, India and China are the most populated countries of the world and are making rapid progress in their living standards. The half of the projected growth in the demand for the global energy will be accounted by these two countries.

Words of management

The vice president for corporate strategic planning at the company, William Colton said that the report is very important for the own investments of the company. He said that they make billion-dollar decisions on their report. They do not want to delude themselves about the future.

Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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