Exxon sees tighter oil market in medium-long term, CEO says

Core Viewpoint - U.S. energy major ExxonMobil anticipates a tighter oil market in the medium to long term, especially if there are no further investments in unconventional oil and gas assets [1] Group 1: Market Outlook - ExxonMobil's CEO, Darren Wootton, highlighted the potential for a constrained oil market due to insufficient investment in unconventional resources [1] - The company emphasizes the importance of ongoing investments to maintain supply levels and meet future demand [1] Group 2: Investment Implications - The lack of investment in unconventional oil and gas could lead to significant supply challenges, impacting pricing and availability in the market [1] - ExxonMobil's perspective suggests that strategic investments are crucial for sustaining market balance and avoiding future shortages [1]