This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Americas: Strategies For A Sustainable Future

Stocks in this article: XOM

I’m pleased to be here to discuss strategies for a sustainable future.

As leaders of this industry, we face a variety of challenges, from weak global economies to rising public concerns about the safety of our products. But in every country I visit, the conversation quickly turns to shale gas and its impact on the chemical business.

Without question, the reversal of fortunes of the American chemical industry is one of the most remarkable stories flowing from the growth in unconventional oil and gas.

Today, I’ll share my perspective on this new energy landscape and the renaissance in American chemistry that it has ignited.

And looking beyond today’s shale gas advantage, I’ll also address how chemical companies around the world can sustain leading performance over the peaks and valleys of the business cycle.

The Big Picture

Let me start with the big picture.

The world is on the cusp of a new age of unconventional energy. It is transforming America’s energy future, unleashing economic growth, and improving the environment.

That energy future will be built on oil and natural gas. U.S. proven reserves of natural gas have grown close to 50 percent since 2005. We now have close to a century’s worth of supply.

Equally impressive is the growing production of unconventional oil, which by next year will have nearly halved U.S. oil and liquid fuel imports. ExxonMobil sees real prospects for North America transitioning to a net energy exporter by 2025.

Liquefied natural gas exports will be part of that picture. For example, an ExxonMobil joint venture here in Texas has proposed a world-class LNG export project. This $10 billion investment would generate an estimated $31 billion in economic gains over the life of the project. This includes 45,000 direct and indirect jobs during the five-year construction period, and thousands more permanent jobs as well.

1 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,856.24 +78.09 0.44%
S&P 500 2,073.80 +12.57 0.61%
NASDAQ 4,772.9150 +24.5190 0.52%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs