ExxonMobil's long ‑ term outlook is that industry refining margins will remain subject to intense competition as, in the near term,
new capacity additions outpace the growth in global demand.
That may be true at this moment; but even as some of these ads were being released, the
addition of
new renewable energy generation
capacity was starting to equal and
outpace new installations of fossil fuel plants in the U.S. and other countries.32