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ExxonMobil announces corporate plans to 2027 – supports approximately doubling earnings and cash flow potential, reducing emissions IRVING, TEXAS – ExxonMobil said today it has finalized corporate plans, which increase spending to $15 billion on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and further portfolio high-grading, positioning the company to double earnings and cash flow by 2027 versus 2019.

Newsroom News Dec. 1, 2021

Why we're investing $15 billion in a lower-carbon future At ExxonMobil, we develop and deploy solutions that meet society’s needs. Today, that means taking a leading role in providing the products that enable modern life, reducing carbon emissions and developing needed technologies to advance a lower-carbon emissions future.

Newsroom News Nov. 9, 2021

ExxonMobil and PETRONAS to study carbon capture and storage in Malaysia IRVING, Texas – ExxonMobil and PETRONAS, the state-owned energy company of Malaysia, have signed a Memorandum of Understanding (MoU) to collaborate and jointly explore potential carbon capture and storage projects in Malaysia.

Newsroom News Nov. 8, 2021

ExxonMobil to invest in petrochemical complex in China IRVING, Texas – ExxonMobil has made a final investment decision to proceed with a multi-billion dollar chemical complex in the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province in China. The facility will help meet expected demand growth for performance chemical products in China.

Newsroom News Nov. 8, 2021

ExxonMobil and Pertamina to evaluate carbon capture and storage in Indonesia IRVING, Texas – ExxonMobil and Pertamina, the state-owned energy company for Indonesia, today signed a Memorandum of Understanding (MoU) to evaluate the potential for large-scale deployment of low-carbon technologies in Indonesia. The MoU was signed near Glasgow, Scotland, where world leaders have gathered to discuss climate policies during COP 26.

Newsroom News Nov. 2, 2021