ExxonMobil and Shell have established a consortium to develop a cross-border carbon capture and storage (CCS) project in Singapore. The S-Hub consortium will work with the Singapore Government on ...

Currently, CCS is one of the few proven technologies with the potential to decarbonize these sectors while also being cost-effective and scalable. ExxonMobil's proposed CCS hub in Houston could ...

ExxonMobil and other companies believe a large-scale development of CCS in Houston could store up to 50 million metric tons per year of CO 2 by 2030 and double that amount by 2040. We spoke with ...

US oil and gas majors remain bullish on their move to power the artificial intelligence (AI) data center market despite the launch of large language models from Chinese lab DeepSeek.

The company's capital allocation strategy involves $10s of billions in projects starting in 2025, including CCS, LNG, and deepwater oil, driving diversified growth. Exxon Mobil plans 20% ...

ExxonMobil reported earnings per share of $ ... with zero carbon emissions and extensive carbon capture and storage (CCS) projects. These efforts reflect XOM’s dedication to diversifying its ...

ExxonMobil is building a natural gas-fired power plant designed to capture over 90% of its carbon emissions. This project aligns with its carbon capture and storage (CCS) strategy, positioning the ...

Speaking during quarterly earning calls, Exxon Mobil Corp. and Chevron Corp. executives addressed continued pursuits of carbon capture and storage (CCS) and hydrogen. Both are considered key ...