HOUSTON, Aug 26 Reuters Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day bpd through 2050, similar to today39;s levels, a forecast 25 higher than top European rival BP.

The stronger demand projected by the largest U.S. oil company in its latest global oil outlook underpins Exxon39;s production growth plans, the most ambitious among Western oil majors. It did not have a 2050 demand figure in its previous outlook released in 2023.

The company also painted a more somber view on global carbon emissions reductions than BP. Advancements in technology will allow for emissions reductions after 2029, compared to the middle of this decade according to BP.

Exxon plans to pump 4.3 million barrels of oil and gas per day this year, 30 more than U.S. top rival Chevron39;s current output. BP is cutting production to about 2 million barrels per day by 2030.

Oil and gas demand have a very, very long runway and will continue to grow over the next few years, Exxon Economics, Energy and Strategic Planning Director Chris Birdsall told Reuters.

Exxon estimates electric vehicles will not significantly alter longterm global oil demand, as the world39;s population is expected to increase from 8 billion today to nearly 10 billion in 2050, adding to demand for energy.

If every new car sold in the world in 2035 were electric, crude oil demand would still be 85 million bpd, the same it was in 2010, it said. BP projects oil consumption will peak in…