XOM · Earnings call · 2026Q3T · Full report

EU Methane Regulation

ExxonMobil Holdings Corp · 2026-10-30 · Importance 53 · Surprise 60

Management criticized the European Union’s Methane Regulation for setting a compliance date before implementation rules were defined, describing the resulting requirements as unworkable for industry. ExxonMobil said it would comply with the law but had warned it would stop importing into Europe without a workable compliance path. The European Parliament voted to delay implementation by three years, giving industry time to establish compliance systems once the required steps are defined. ExxonMobil said it supports methane reduction and reported that it had reduced methane intensity by more than 60% since 2016.

Key facts

• The European Parliament voted to delay implementation of the EU Methane Regulation by three years.
• ExxonMobil has reduced methane intensity by more than 60% since 2016 and received Gold Standard recognition from the UN's Oil and Gas Methane Partnership.
• ExxonMobil said it would stop importing into Europe if it had no workable path to comply with the EU Methane Regulation.