Why the Skeptics Are Wrong About ExxonMobil

For decades to come, the world will still need petroleum, Exxon may end up the last supermajor standing

No matter how you spin it, ExxonMobil has been humbled: It’s accumulated $2.3 billion in losses this year, the worst performance in the company’s 150-year history. Its share price has dropped 38% in 2020, and it’s…