2022 Outlook for Energy

The Outlook for Energy is ExxonMobil’s latest view of energy demand and supply through 2050.

We base the Outlook on current trends in technology, government policies, consumer preferences, world politics, and economic development. We use it to develop long-term business strategies, investment plans, and research programs.
projections and key takeaways

We begin creating the Outlook by looking at fundamental drivers including population, living standards, and consumer preferences. 

Then we forecast energy demand across 15 sectors and match the demand for energy services with about 20 types of energy, considering how technology, government policies, and other factors may evolve. We forecast oil and natural gas production from key producing countries/regions, and to estimate energy-related CO2 emissions, we look at historical and projected energy demand and apply an emissions factor for each type. 

For a topline overview, download our executive summary and infographic

Explore our fundamentals

  • Global energy fundamentals

    Energy is essential for human progress. Economic expansion and improving access to energy enable people to lead longer, more productive lives.

  • Energy demand: Three drivers

    Policy. Technology. Consumer preferences. All three affect how the world uses energy. Each driver influences the other and changes over time, with variances by region and political circumstances.

  • Low carbon solutions

    Having a suite of lower-carbon technologies for hard-to-decarbonize sectors is important. They have a critical role to play in the energy transition, with multiple options required to meet differing needs. 

  • Energy supply

    Energy – in all its forms – enables growth and prosperity. As economies grow, as technology advances, as consumers become more environmentally aware, and as government policies adapt, global energy demand will evolve to meet changing needs.

  • Emissions

    Providing reliable, affordable energy to support prosperity and improve living standards is coupled with the need to do so in ways that reduce risk to the environment, including climate change.

    How we develop our Outlook

    Monitoring policy and technology trends

    The Company monitors changes in technology and policy, for example solar panel pricing, battery efficiency, the European Union’s tailpipe emissions regulations, and China’s coming 14th five-year plan.


    Additional resources

    2022 Outlook for Energy: glossary

    Glossary of terms for the 2022 Outlook for Energy report.

    PDF / 0.29 MB

    2022 Outlook for Energy: data pages

    Relevant data pertaining to 2022 Outlook for Energy report

    XLSX / 0.10 MB

    Legal information

    Review ExxonMobil’s cautionary statement and other legal information.