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ExxonMobile Sees Huge Demand for Energy in Africa

Oil giant predicts GDP to average 4% until 2040

ExxonMobile projects the population of planet Earth to increase to 9 billion by 2040 with Africa and India having the largest booms in population. The resultant increase in energy demand will produce a windfall for correctly positioned energy companies and ExxonMobile is taking steps to ensure that they are able to seize advantage.

Daily Finance reports…

While ExxonMobil pegs global growth in gross domestic product at 2.8% annually through 2040, Africa is expected to grow GDP by 4% annually over the same time frame.

As you can see, a great deal of research from ExxonMobil suggests that Africa will soon see a population boom and is poised to be a global leader in economic growth. As a resource-rich continent, several integrated energy giants are positioning themselves to be there to answer the call. If Africa truly moves to the forefront of energy demand and production, then ExxonMobil, Total, and Eni likely have prosperous futures ahead.

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