ExxonMobil Secures Largest U.S. Offshore CO2 Storage Site
XOMExxonMobil(XOM) ZACKS·2024-10-14 20:40

Exxon Mobil Corporation (XOM) has secured the largest offshore carbon dioxide (CO2) storage lease in the United States with the Texas General Land Office, marking a significant step in carbon capture and storage (CCS). The site covers more than 271,000 acres in Texas state waters, solidifying ExxonMobil’s leadership in the CCS industry.XOM Expands CO2 Storage in the U.S. Gulf CoastThis new offshore site complements ExxonMobil’s existing onshore CO2 storage portfolio and boosts the U.S. Gulf Coast’s status a ...