Prediction: ExxonMobil's Low-Carbon Bets Finally Show Up in Guidance by 2027
ExxonMobil 's (NYSE: XOM) management said it plans to invest roughly $20 billion in lower-emission projects between 2025 and 2030. So far, that business segment remains relatively small compared with the company's oil and natural gas operations. That starts changing in 2027. ExxonMobil says newer business segments, including carbon capture and storage (CCS), lithium , carbon materials, and Proxxima products, could generate more than $1 billion in annual earnings by 2030. Over the longer term, management sees roughly $13 billion in potential annual earnings by 2040, assuming supportive policies and sufficient market development. Image source: Getty Images. Continue reading