ExxonMobil will still be producing oil and gas in 2050, the energy company's CEO told Yahoo Finance, but fossil fuels will likely be a smaller part of the business.
(Bloomberg) -- Exxon Mobil Corp. plans to establish a single North American research and technology hub at its Houston headquarters, resulting in the closure of campuses in Clinton, New Jersey, and Sarnia in Ontario. Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case TrialEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsApple Revamps iPads With AI-Focused Pro Model, Bigger AirThe closures will affect about 70
Higher oil equivalent production volumes primarily aid EOG Resources' (EOG) strong Q1 earnings.