I read something on an Exxon site that suggested they accepted the theory of human caused climate change and how the needed to respond. I believe that some oil companies accept the science and are taking steps to diversify, even as others in the industry are funding groups that challenge the science.
We call companies like Exxon and Shell, oil companies, but the name is not really accurate, they are energy companies.
They do not sell oil, but rather finished fuel products.
Their manufacturing business, (refineries)turn the raw material oil, into fuels (energy)for the transport market.
For their first century and a half, the feedstock for their raw material has come from the ground,
in the form of organic oil.
I contend that the oil companies know, that the cheap easy oil has already been found and extracted.
Fracking is a symptom of fields not producing like they used to.
In the future oil will be more expensive, and difficult to extract.
The demand for fuel products is still viable and for things like aircraft and shipping, will be for decades.
I think the path forward is for the refineries to make their own feedstock from atmospheric CO2, Water, and wholesale electricity.
Fuel - Sunfire
It is difficult for most people to think of gasoline or diesel as environmental fuels,
but they can be made carbon neutral, as long as the source of the energy is carbon free.