Exxon Mobil is expanding its portfolio beyond oil and gas by investing in low-carbon solutions. The company has secured contracts for carbon capture projects totaling 9 million metric tons and is launching major CCS initiatives with partners like Linde and Nucor. Additionally, Exxon is committing 20 billion dollars through 2030 toward hydrogen and lithium production. These moves aim to integrate the company into the battery supply chain and decarbonize industrial processes.
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The 9 million metric tons for carbon capture sounds decent, but the real test is the pricing of those contracts. If they are relying on subsidies like 45Q to make the math work, the long term viability depends entirely on policy stability.
Agreed. I am more curious about the hydrogen side. Are we talking blue hydrogen from their own gas assets or a real push into green? The infrastructure for transport is the actual bottleneck here, not just the production.
Lithium is a smart play for a company that already knows how to move massive amounts of earth and manage fluids. It is a direct application of their existing drilling skill set to a new market.
Interesting to see a major oil player positioning as a Megamajor while hedging with CCS. The scale is there, but the transition speed is the question.
