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Outlook for Energy
The Outlook for Energy is ExxonMobil’s latest view of energy demand and supply through 2040. For many years the Outlook for Energy has helped inform ExxonMobil’s long-term business strategies, investment plans, and research programs.
Key takeaways of 2040 projections
Energy is fundamental for modern life

Global energy demand rises by 20 percent; market demand trends differ for OECD and non-OECD

Global electricity demand rises 60 percent

Almost half of the world’s energy is dedicated to industrial activity

Commerce and trade drive transportation energy consumption up more than 25 percent

Global energy related CO2 emissions peak, but remain above assessed 2°C scenarios

Oil and natural gas remain important energy sources and require significant investment

Energy is fundamental for modern life

Global energy demand rises by 20 percent; market demand trends differ for OECD and non-OECD

Global electricity demand rises 60 percent

Almost half of the world’s energy is dedicated to industrial activity

Commerce and trade drive transportation energy consumption up more than 25 percent

Global energy related CO2 emissions peak, but remain above assessed 2°C scenarios

Oil and natural gas remain important energy sources and require significant investment

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Energy matters
With the world’s population estimated to reach more than 9 billion people in 2040, providing enough affordable energy to help improve global living standards is a significant challenge. We expect that continued progress, powered by human ingenuity and technology, will help make better lives possible, while appropriately addressing climate risks.
Download the reports
2019 Outlook for Energy: A perspective to 2040
The Outlook for Energy is ExxonMobil’s view of energy demand and supply through 2040. We use the Outlook to help inform our long-term business strategies and investment plans.2019 Outlook for Energy: data pages
Relevant data pertaining to 2019 Outlook for Energy report2019 Outlook for Energy: glossary
Glossary of terms for the 2019 Outlook for Energy report.How we develop our Outlook
Monitoring policy and technology trends
Throughout the process, we monitor changes in technology, such as cost decreases for solar panels, improvements in battery technology and advances in well completion technology for tight oil. We also follow policy developments, such as adopted policies and ambitions formulated in context of the Paris Agreement, the European Union’s recently adopted tailpipe emissions regulations and China’s ‘blue sky’ policies.