ExxonMobil will focus on CCS, hydrogen and biofuels
ExxonMobil ups low-carbon investment by 14pc
US oil major’s scope three emissions push to focus on large-scale CCS, hydrogen and biofuels
US oil major ExxonMobil has increased its projected investment in low-carbon projects over the next five years by 14pc compared with previous guidance for the period. The company announced in an updated five-year business plan that $17bn has been allocated to growing its low-carbon solutions business through 2027. Total annual capex across all parts of ExxonMobil’s business over the next five years is projected at $20–25bn. The low-carbon investments will be aimed at projects to cut customers’ emissions, with a “primary emphasis” on large-scale carbon capture and storage, biofuels, and hydrogen. $17bn – Low-carbon capex in 2022–25 The balance of the capital will be deployed in suppor
Also in this section
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
