XOM's Low-Carbon Push Takes Shape as Carbon Capture Projects Move Forward

ExxonMobil's (XOM) shares continue to trade on the company's low-carbon strategy, which is entering a more measurable phase as carbon capture projects transition from contracts to operating assets.

The company plans roughly $20 billion in lower-emission investments through 2030, with carbon capture playing a central role in its future growth. ExxonMobil has contracted around nine million metric tons of annual CO2 storage capacity with major third-party industrial customers, linking industrial emissions with transport and permanent underground storage.

ExxonMobil expects new businesses to generate more than $1 billion in yearly earnings by 2030 under its current plan, with those businesses reaching about $13 billion in earnings by 2040 under supportive policies and market development.