The 24th World Petroleum Congress (WPC) will be held in Calgary from September 17 to 21, 2023. The conference takes place every three years and has been described as the world’s leading assembly for the petroleum industry. The organizers are expecting 15,000 visitors and 5,000 delegates from over 100 countries.  

This week, we hear from Matthew Crocker, Senior Vice President, Product, Strategy and New Assets, for ExxonMobil’s Low Carbon Solutions business. Matt, along with others from ExxonMobil will be at the WPC in Calgary.  

Here are some of the questions Jackie and Peter asked Matt: ExxonMobil’s Global Outlook projects oil and natural gas will still make up more than half the world’s energy supply in 2050; why is ExxonMobil’s view of oil and gas demand more than some other scenarios such as the IEA’s Net Zero Emissions by 2050 (NZE)? Considering the amount of oil and natural gas demand in ExxonMobil’s Global Outlook, do you think it is possible to keep long-term global warming to less than 2°C? What was ExxonMobil’s intention for acquiring Denbury, a developer of CCUS solutions and enhanced oil recovery? What other investments is ExxonMobil making in CCS? Is ExxonMobil investing in biofuels? How is policy risk factored in when ExxonMobil makes low-carbon investments? 

Content referenced in this podcast:  

• The World Petroleum Congress registration information: https://www.24wpc.com/  
• ExxonMobil Global Outlook: Our view to 2050  

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