Investing in lower-emission opportunities

Innovative solutions

Through 2027, ExxonMobil plans to invest more than $15 billion on initiatives to lower greenhouse gas emissions.

Investments will include projects to reduce greenhouse gas emissions from existing operations and increased investments in the Low Carbon Solutions business. The same capabilities, technical strengths and market experience that support base energy and chemical businesses will help drive commercial growth opportunities for carbon capture and storage, biofuels and hydrogen. Stronger policy further accelerates development and deployment of lower-emission technologies, and would provide ExxonMobil additional investment opportunities to reduce greenhouse gas emissions.

ExxonMobil is on track to exceed its 2025 greenhouse gas emission-reduction plans announced in December 2020.

The company anticipates year-end 2021 results to show a reduction of 15-20% in greenhouse gas intensity from Upstream operations compared to 2016 levels, four years ahead of schedule. This is supported by an anticipated reduction of 40-50% in methane intensity and 35-45% in flaring intensity compared to 2016.