XOM · News · 20260921N
Carbon Capture Capacity Expansion
ExxonMobil Holdings Corp · 2026-09-21 · Importance 34 · Surprise 42 · In source text
ExxonMobil is expanding its Gulf Coast carbon capture and storage network. The company is targeting up to 100 million metric tons of annual CO2 storage capacity. The initiative positions carbon capture and storage as a potential growth market for ExxonMobil.
Key facts
- XOM is expanding its Gulf Coast CCS network, targeting up to 100 million metric tons of CO2 storage capacity annually. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | mixed | probable | — | XOM is expanding its Gulf Coast CCS network, targeting up to 100 million metric tons of CO2 storage capacity annually. |