Need help with questions in last paragraph. Case study Exxonmobile and climate change... infrastructure projects on the Gulf Coast. However, investments of this kind were becoming increasingly less

attractive. The company had to respond to investors who demanded greater financial discipline and a more

judicious approach to investing.

Financial Performance

Despite billions of dollars in spending cuts and a modest oil price rebound, in $2016$ ExxonMobil spent nearly

$$7$ billion more in developing new projects and paying dividends than it generated in cash. According to

analysts' estimates, the company needed the price of oil to be at more than $$50$ a barrel in order to balance

the cash it generated against the capital expenditures it made and the dividends it generated.

The company's first quarter $2018$ profits missed Wall Street expectations. Seventy percent of its $$8\mathrm{.}4$ billion

net income in that quarter arose out of one$-$time Trump administration tax change benefits. Earnings declined

by $2\mathrm{.}2\%$ on an adjusted basis that excluded the new tax law bonus. Production fell by around $130,000$ barrels

a day. The company's U$.$S$.$ drilling operations lost money for the $12$th consecutive quarter.

How should ExxonMobil address the grand challenge of climate change? What facts are relevant to its

decision? What options does it have, and what are their consequences for the company's many different

stakeholders? What principles should it apply? What can it do to build from a short$-$term fix to a more

thorough long$-$term solution? In answering these questions, consider ExxonMobil's legal and ethical

responsibilities to its various stakeholders, and whether there is a difference between them. Can the

company earn higher profits by investing more in sustainable energy options? Which stakeholders should be

the company's highest priority? Should it take an interactive approach to engaging stakeholders? Also

consider the point made in Chapter $7$ that companies do not just follow laws but also contribute to their

making. What role if any should ExxonMobil take in national and international climate change policy

processes? What positions should it take?