ExxonMobil and the Energy Transformation
We wanted you to be the first to know: recently, ExxonMobil officials laid out new plans to generate billions of dollars from low-carbon operations over the next decade. According to company officials, these new operations could become more profitable than their traditional fossil fuel production over time.
You may remember that in 2021, Engine No. 1 led the campaign to add new members to Exxon’s board to ensure company leadership was looking to the future and the energy transformation, which we believe represents a once-in-a-generation investment opportunity. In our view, Exxon today is a more disciplined company that understands how to create shareholder value through decarbonized energy businesses.
What to do
Engine No. 1 was founded on the idea that actively engaging with companies can create significant financial returns for investors. We’re thrilled that Exxon is taking these steps and embracing the energy transformation. We can’t wait to see what’s next.
Learn more about Engine No. 1 and our active approach, including our actively managed ETFs, here.