Driven by soaring energy prices due to the ongoing global energy crisis, ExxonMobil reported record annual earnings of USD 96 billion in 2023, surpassing analysts' expectations and marking a significant comeback from previous years' losses
ExxonMobil continues to face criticism for its perceived sluggishness in transitioning towards renewable energy sources and adhering to stricter climate change regulations. Recent shareholder proposals and activist investor pressure emphasize the growing demand for more aggressive action on climate change, potentially shaping the company's future direction.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5541
Published Date: Jan 16, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for healthcare sector is the major factor driving the market growth.
The market size of rail lubricants is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.
The major players in the market Fuchs Petrolub SE, Shell, ExxonMobil Corporation, Chevron Corporation, BP plc (British Petroleum), TotalEnergies SE, and others.
The passenger rail segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.