The world’s biggest public oil company is facing a challenge: it needs to continue to grow in a world that is drastically different from what it used to be, back when Exxon reigned supreme and the world had insatiable hunger for its oil. That time is now behind us. Today, we have the Paris Agreement on climate change, a major drop in large new oil discoveries on a global level, sanctions against two of the countries with the biggest oil reserves in the world, and, of course, a shift from oil to gas and renewable energy. All of these are potential headache inducers for Exxon, and this is reflected in the movement of its stock price and analyst price targets, according to a Bloomberg article . While the shares of the company still trade at a premium to its peers, this premium is shrinking, Kevin Crowley writes, as the […]