ExxonMobil (XOM) Speeds Up Plan to Double Its LNG Portfolio

Exxon Mobil Corporation (XOM) is progressing ahead of its schedule in expanding its liquefied natural gas (LNG) portfolio, per a Reuters report.The company is aiming to double its capacity to 40 million tons per annum (Mtpa) by 2030, up from the current production of nearly 30 Mtpa. This growth trajectory marks a significant step from the company's 2020 announcement, reflecting its strategic shift toward self-reliance in LNG trading.Unlike its competitors, such as TotalEnergies (TTE) and Shell plc (SHEL) , ...