XOM · News · 20260918N

Energy Outlook Emissions Revision

ExxonMobil Holdings Corp · 2026-09-18 · Importance 42 · Surprise 64

ExxonMobil projects global electricity demand will increase 65% by 2050, driven by rising living standards, industrial activity, data centers, and electric vehicles. The company expects global carbon dioxide emissions to decline by 2050 because of efficiency improvements and lower-emission technologies. It also expects oil and natural gas to remain more than half of the global energy mix through 2050, indicating continued hydrocarbon demand alongside the energy transition.

Key facts

• ExxonMobil projects a 65% surge in global electricity demand by 2050. source
• ExxonMobil said the projected 65% increase in electricity demand is driven by rising living standards, industrial growth, data centers, and electric vehicles. source
• ExxonMobil expects global carbon dioxide emissions to decline due to efficiency improvements and lower-emission technologies. source
• ExxonMobil anticipates oil and natural gas will continue to dominate over half of the global energy mix through 2050. source