XOM · 10-Q · 2026Q3 · Full report

Energy Transition Strategy

ExxonMobil Holdings Corp · 2026-11-02 · Importance 23 · Surprise 24

ExxonMobil states that actions needed to advance its 2030 greenhouse-gas emissions-reduction plans are included in medium-term business plans updated annually. Its stated ambitions include net-zero Scope 1 and Scope 2 emissions from operated assets by 2050 and net-zero Scope 1 and 2 emissions in integrated Upstream Permian Basin unconventional operated assets by 2035. The company says its Global Outlook assumes increasing policy stringency and technology improvement through 2050, but does not project the policy and technology advances required for the world or ExxonMobil to achieve net zero by 2050. Lower-emission investment levels remain dependent on available opportunities and public-policy support, and are focused on returns.

Key facts

• ExxonMobil's stated ambition is to reach Scope 1 and 2 net zero in integrated Upstream Permian Basin unconventional operated assets by 2035. source
• ExxonMobil says its Global Outlook does not project the level of future policy and technology advancement and deployment required for the world or ExxonMobil to meet net zero by 2050. source
• ExxonMobil identifies plans to capture, transport, and store CO2 and to produce hydrogen, ammonia, lower-emission fuels, Proxxima resin systems, carbon materials, and lithium as forward-looking project plans. source
• ExxonMobil stated that the likelihood of climate-change lawsuits having a material adverse effect on its operations, financial condition, or financial statements is remote, and that it will continue to defend against the claims. source
• ExxonMobil's 2030 greenhouse-gas emission-reduction actions are incorporated into its medium-term business plans, which are updated annually. source
• ExxonMobil's stated ambition is to reach Scope 1 and Scope 2 net zero from operated assets by 2050. source
• ExxonMobil's stated emissions plans include eliminating routine flaring in line with World Bank Zero Routine Flaring and reaching near-zero methane emissions from operated assets. source