ExxonMobil: Is chasing net zero futile?
The case is set in September 2023, and talks about the energy transition of the oil and gas industry in context to ExxonMobil (Exxon), which has seen continued backlash from media and climate activists on its stance on climate change, strategies towards pivoting its core business towards more sustai...
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sg-smu-ink.cases_coll_all-14782024-04-16T01:04:19Z ExxonMobil: Is chasing net zero futile? TAN, Patrick BHATTACHARYA, Lipika PAN, Gary KUSNADI, Yuanto The case is set in September 2023, and talks about the energy transition of the oil and gas industry in context to ExxonMobil (Exxon), which has seen continued backlash from media and climate activists on its stance on climate change, strategies towards pivoting its core business towards more sustainable practices and moving away from fossil fuel energy that contributes significantly to global warming. While many oil and gas companies have increasingly opted to investing in renewable forms of energy, Exxon has instead focussed on investing in carbon capture and storage (CCS) technology, and other alternate forms of energy like hydrogen and biofuels. Exxon had also introduced Net Zero pledges, but industry analysts continued to question the company’s stance and strategies and its persistent focus on oil and gas. Was chasing Net Zero the right strategy for Exxon moving forward? Given its predominant involvement in oil and natural gas, was it strategic to persist in prioritising oil demand alongside lower emission initiatives and transition investments? Was its existing strategy sufficient to help the conglomerate reinvent itself in a competitive and rapidly changing energy market? The case helps students understand: (1) how large oil and gas companies are strategising in the face of global energy transitions; (2) Adaptation strategies of a large company in a transitioning market to stay competitive and responsive to market shifts (3) How sustainability and climate change considerations impact the strategic resilience of oil and gas companies (4) Investigate challenges and opportunities associated with adopting Net Zero goals (5) strategic significance of CCS technology in the oil and gas industry, with a focus on its role in emission reduction and its impact on long-term business sustainability. 2024-03-01T08:00:00Z text https://ink.library.smu.edu.sg/cases_coll_all/482 https://cmp.smu.edu.sg/case/6046 Case Collection eng Institutional Knowledge at Singapore Management University Climate Change Environmental Sustainability Competitive Strategy Business and Society Energy Policies Energy Policy Environmental Sciences Strategic Management Policy |
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Climate Change Environmental Sustainability Competitive Strategy Business and Society Energy Policies Energy Policy Environmental Sciences Strategic Management Policy TAN, Patrick BHATTACHARYA, Lipika PAN, Gary KUSNADI, Yuanto ExxonMobil: Is chasing net zero futile? |
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The case is set in September 2023, and talks about the energy transition of the oil and gas industry in context to ExxonMobil (Exxon), which has seen continued backlash from media and climate activists on its stance on climate change, strategies towards pivoting its core business towards more sustainable practices and moving away from fossil fuel energy that contributes significantly to global warming. While many oil and gas companies have increasingly opted to investing in renewable forms of energy, Exxon has instead focussed on investing in carbon capture and storage (CCS) technology, and other alternate forms of energy like hydrogen and biofuels. Exxon had also introduced Net Zero pledges, but industry analysts continued to question the company’s stance and strategies and its persistent focus on oil and gas.
Was chasing Net Zero the right strategy for Exxon moving forward? Given its predominant involvement in oil and natural gas, was it strategic to persist in prioritising oil demand alongside lower emission initiatives and transition investments? Was its existing strategy sufficient to help the conglomerate reinvent itself in a competitive and rapidly changing energy market?
The case helps students understand: (1) how large oil and gas companies are strategising in the face of global energy transitions; (2) Adaptation strategies of a large company in a transitioning market to stay competitive and responsive to market shifts (3) How sustainability and climate change considerations impact the strategic resilience of oil and gas companies (4) Investigate challenges and opportunities associated with adopting Net Zero goals (5) strategic significance of CCS technology in the oil and gas industry, with a focus on its role in emission reduction and its impact on long-term business sustainability. |
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TAN, Patrick BHATTACHARYA, Lipika PAN, Gary KUSNADI, Yuanto |
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TAN, Patrick BHATTACHARYA, Lipika PAN, Gary KUSNADI, Yuanto |
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TAN, Patrick |
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ExxonMobil: Is chasing net zero futile? |
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ExxonMobil: Is chasing net zero futile? |
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ExxonMobil: Is chasing net zero futile? |
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ExxonMobil: Is chasing net zero futile? |
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ExxonMobil: Is chasing net zero futile? |
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exxonmobil: is chasing net zero futile? |
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Institutional Knowledge at Singapore Management University |
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2024 |
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https://ink.library.smu.edu.sg/cases_coll_all/482 https://cmp.smu.edu.sg/case/6046 |
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