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Darren Woods, chairman and CEO of ExxonMobil [Photo: ExxonMobil]
ExxonMobil Touts Corporate Plan That Includes $17B Lower Emissions Investment
by Lance Murray | Dec 8, 2022
In its newly released five-year plan, Irving-based ExxonMobil said that it has allocated roughly $17 billion on its own emission reductions and accretive third-party lower-emission initiatives through 2027, an increase of almost 15%. Nearly 40% of these investments is directed toward building its lower-emissions business with customers to reduce their greenhouse gas emissions with a primary emphasis on large-scale carbon capture and storage, biofuels, and hydrogen.
