Exxon Mobil: Stable energy demand supports long-term growth of fossil fuels.

Exxon Mobil Corporation stated that it will continue to promote the growth of its fossil fuel business in the long term to meet the energy demand it believes will not see substantial changes between now and 2050. The Texas-based oil giant is not interested in "chasing weekly headlines," but rather investing in oil and gas projects that it believes will still be needed in the coming decades. Dan Ammann, President of the company's upstream business, stated that Exxon plans to double its sales of liquefied natural gas by 2030 and invest heavily in oil production capacity growth in Guyana and the Permian Basin. "We take a long-term view based on fundamentals and make investments accordingly," Ammann said. "Our long-term assessment of the global energy landscape is that energy demand will continue to grow."