ExxonMobil plans to invest up to US$30 billion in low-emission initiatives from 2025 to 2030. Nearly 65% of that spending targets emissions reductions for third-party customers.
The investments depend on supportive policies, regulations, and continued advances in technology and markets, according to the company’s Advancing Climate Solutions Report.
ExxonMobil said its Low Carbon Solutions business is focused on carbon capture and storage, hydrogen, and lithium—areas that match its technical strengths. The company is developing the first large-scale carbon capture and storage system, featuring a CO₂ pipeline network along the U.S. Gulf Coast.
In Baytown, ExxonMobil plans to build the world’s largest low-carbon hydrogen facility. It will produce up to one billion cubic feet of hydrogen daily, with 98% of CO₂ captured and stored. This hydrogen will support the production of over one million metric tons of low-carbon ammonia annually. A final investment decision is expected in 2025, with operations starting by 2029.
The company is working on projects that match today’s policy and infrastructure while advancing technology to lower emissions costs. ExxonMobil said its Low Carbon Solutions unit will add US$2 billion in earnings by 2030 compared to 2024.
Simultaneously, Exxon’s operations in Guyana’s Stabroek Block have attracted attention due to their low costs and low emissions profile. The country is seen as key to providing low-carbon intensity oil to a market still reliant on fossil fuels.
All of Guyana’s floating production, storage and offloading (FPSO) vessels, built by SBM Offshore, are designed with reduced emissions. The Liza Unity, the second FPSO in the country, was the first globally to receive the SUSTAIN-1 certification for sustainable operations. Every subsequent FPSO has followed that design model.
ExxonMobil has three FPSOs online in the Stabroek Block. A fourth will come online in August.
The company also recently moved into its cutting-edge, net-zero emissions complex.
