Article

Exxon Mobil Corp. is shifting its business model from a traditional oil and gas company to a low carbon solutions provider, driven by the energy transition and increasing investor focus on climate risks. The company is investing in Carbon Capture and Storage (CCS), hydrogen, and other low carbon technologies, aiming to industrialize decarbonization efforts while focusing on large-scale projects rather than electrification. By targeting energy-intensive industries in Europe and Asia, Exxon plans to establish CCS and CO2 management as long-term infrastructure assets, positioning itself as a stable energy solutions provider.