Exxon Mobil is integrating a Low Carbon Solutions segment into its business model, focusing on carbon capture and storage, hydrogen, and lower emission fuels. The company aims to use its engineering scale to meet growing demand for decarbonized energy. While the company continues to grow production in the Permian Basin and Guyana, it is balancing these upstream assets with investments in carbon reduction technologies to navigate climate policy and market volatility.
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The mention of low carbon solutions is broad. I want to see the actual tax credit utilization and how they are accounting for the carbon captured versus what is used for enhanced oil recovery.
Agreed. If the hydrogen play requires massive new grid connections or storage, the timeline shifts. Does the report mention any specific capacity targets for the hydrogen hubs?
Typical oil major play. They talk about carbon capture while ramping up Permian production. The scale of the low carbon segment is still tiny compared to the upstream capex.
Carbon capture at the industrial scale is the only way some of these chemical plants survive long term. The cost per ton is the only metric that actually matters here.
