Following Exxon's blueprint. Chevron's move into the Smackover follows Exxon's prior entry into the lithium supply sector. In 2023, the oil giant reportedly paid around $100 million for more than ...

Telescope is among the first tech companies invited to the Arkansas Lithium Technology Accelerator (ALTA), engaging with ...

Lithium leaders are hopeful that cuts to federal electric vehicle  and clean energy programs won’t wreck the growing Arkansas ...

Chevron joins lithium production race. By Shelby Webb | 06/18/2025 06:42 AM EDT . The oil major acquired two leases in the Smackover Formation, where Exxon Mobil and other companies are already ...

Exxon, SLB Flag Interest in Lithium Projects in Chile, Say Document and Source. More. Reuters. Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024.

$30 billion by 2030. ExxonMobil recently unveiled its bold 2030 vision. It aims to grow its capacity for earnings and cash flow by $20 billion and $30 billion, respectively, by 2030. The main ...

In addition, Exxon Mobil Corporation (NYSE:XOM) anticipates that its low-carbon business segments, including CCS, lithium, and hydrogen, will contribute $2 billion to earnings growth through 2030.

'With 50,000 acres positioned adjacent to Exxon, Chevron, and Standard Lithium in the Smackover, the race is on to see who will be the first to produce commercial battery-grade lithium'.

Exxon Mobil has achieved a 15.2% upside since December, though it has lagged behind the S&P 500's 31.5%. ... The Lithium under Arkansas is in the form of a brine solution.

A subsidiary of energy giant ExxonMobil, called Saltwerx, also persuaded the Oil and Gas Commission to let them develop a 56,000- acre lithium brine production unit.

Exxon entered the sector in 2023 by acquiring land in Arkansas' Smackover Formation, which is rich in lithium brine. Chevron is now following in Exxon's footsteps by acquiring land in the region ...