ExxonMobil Surges Ahead in Low-Carbon Push, BP and Shell Retreat

Exxon Mobil Corporation (XOM) , the U.S. supermajor, is poised to surpass European rivals Shell plc (SHEL) and BP plc (BP) in low-carbon energy investments, marking a shift in the clean energy race among Big Oil players. This pivot highlights ExxonMobil’s growing focus on reducing third-party emissions and diversifying into new energy technologies, particularly carbon capture, hydrogen and lithium.XOM Targets $30 Billion in Low-Emission ProjectsExxonMobil's December 2024 announcement to pursue up to$30 bil ...