Editing Exxon Mobil Corporation
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While the oil and gas industry has encountered supply chain disruptions and price fluctuations before, the present circumstances present a unique scenario. The issue of insufficient investment has been exacerbated by a combination of economic, geopolitical, trade, policy, and financial factors. This convergence has also prompted a reevaluation within the broader energy market. Consequently, a complex set of challenges has emerged, affecting three key aspects of a well-rounded energy equation: the assurance of energy security, the need for diversified supply sources, and the pursuit of a low-carbon transition. | While the oil and gas industry has encountered supply chain disruptions and price fluctuations before, the present circumstances present a unique scenario. The issue of insufficient investment has been exacerbated by a combination of economic, geopolitical, trade, policy, and financial factors. This convergence has also prompted a reevaluation within the broader energy market. Consequently, a complex set of challenges has emerged, affecting three key aspects of a well-rounded energy equation: the assurance of energy security, the need for diversified supply sources, and the pursuit of a low-carbon transition. | ||
Balancing long-term energy goals and immediate citizen needs also presents a huge challenge. Environmental and social activists are pressuring the oil and gas industry, impacting the reputation and investments into these companies. Activist investors favour green energy. This pressure compels oil and gas companies to adjust strategies and investments | Balancing long-term energy goals and immediate citizen needs also presents a huge challenge for governments. Environmental and social activists are pressuring the oil and gas industry, impacting the reputation and investments into these companies. Activist investors favour green energy. This pressure compels oil and gas companies to adjust strategies and investments. | ||
=== Key Players === | === Key Players === |