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Can a Cowboy drive an EV? We’re finding out

Key takeaways:

  • We’re piloting the use of EVs in our fleet.
  • Driving EV pickups in the Permian.
  • EVs already in use at our U.S. manufacturing sites.
ExxonMobil drilling first lithium well in Arkansas, aims to be a leading supplier for electric vehicles by 2030 SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be branded as Mobil™ Lithium, building on the rich history of deep technical partnership between Mobil and the automotive industry.
Electricity demand projected to increase 65%
  • The industrial sector accounts for 40% of electricity demand growth.
  • Data centers and electrification of transportation have impacts in many markets, although there will be significant regional variation.
  • Generation from solar and wind is projected to grow >4x by 2050, meeting ~85% of global power demand growth. 
  • Natural gas power generation will also grow ~25% by 2050, playing an increasingly important role in grid stability.
windmills and solar panels
Emerging vehicle and fuel technology We actively support initiatives to reduce consumer emissions from the use of our products in the transportation sector. These include research efforts with partner universities and other companies to address the fuel and vehicle as a single system to improve efficiency.
An ExxonMobil employee using a profilometer
On our 25th merger anniversary … how we’ve kept pace with changing times
  • Exxon and Mobil merged November 30, 1999.
  • From iPhones to EVs, the world’s changed a lot since then.
  • Our products continue to support people’s evolving needs.
ExxonMobil releases Energy & Carbon Summary and Outlook for Energy IRVING, Texas--ExxonMobil today released its Energy & Carbon Summary: Positioning for a Lower-Carbon Future and its Outlook for Energy: A View to 2040. The reports highlight ExxonMobil’s analysis of 2 degree Celsius (2°C) scenarios and include sensitivity analyses on electric vehicle penetration and renewables deployment. 
ExxonMobil acquires Materia, Inc., a high-performance structural polymers company IRVING, Texas – ExxonMobil Chemical Company has acquired California-based Materia, Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials. The innovative materials can be used in a number of applications, including wind turbine blades, electric vehicle parts, sustainable construction, and anticorrosive coatings.
Industry and commercial transportation drive economic growth
  • Industry and manufacturing are critical to the global economy and modern living standards.
  • Global commerce relies on efficiently moving goods and services across and between continents.
  • These sectors, which make up ~65% of global energy use, have unique needs that cannot be fully met with electricity or renewables.
pipes at a refinery