ExxonMobil is positioning carbon capture and storage as a commercial growth area, not just an emissions compliance tool. The company expects energy-related CO2 emissions to fall from 36 billion metric tons in 2025 to roughly 30 billion by 2050, while global CCS capacity climbs from 30 million metric tons to 2,000 million metric tons. That still falls short of the 7,000 million metric tons needed to meet climate goals. The core of ExxonMobil's CCS push is on the U.S. Gulf Coast, where the company says its pipeline network could handle up to 100 million metric tons of CO2 per year. So far it has contracts to transport and store about 9 million metric tons annually. Recent Texas approval of the Rose project adds storage capacity for 53 million metric tons of customer CO2 in Jefferson County. Occidental is moving ahead with its STRATOS direct air capture plant, with commissioning expected around the end of 2026 and operations in 2027. Baker Hughes is expanding through its Chart Industries acquisition. For anyone tracking carbon markets, the key question is whether contracted demand can catch up with the capacity these companies are building.
