At the Bernstein conference, an ExxonMobil executive revealed that the company has resisted entering the wind and solar energy sectors for many years, primarily because it lacks the necessary expertise and technological foundation in these fields.
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This statement clearly reveals the strategic considerations and internal limitations of this energy giant in the face of the wave of energy transition. Compared to many peers who are actively investing in renewable energy, ExxonMobil focuses more on its traditional areas of strength, based on a careful assessment of its core competitiveness.
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