NextEra Energy is partnering with Exxon Mobil, the country's largest oil company, to build a large data center site powered by natural gas for a potential tech customer, CEO John Ketchum told investors Monday The 1.2 gigawatt power plant would combine gas generation with Exxon's carbon capture technology to reduce emissions, according to NextEra's presentation to investors. They plan to market the site to a hyperscaler in the first quarter of 2026. Hyperscalers are the big tech companies that are building d ...

Group 1: Cost Efficiency - Occidental Petroleum is recognized as a low-cost leader in the fossil fuel sector, typically breaking even when crude oil prices are below $60 per barrel, with some fields having breakeven points under $50 and nearly half of its wells able to break even at prices under $40 [2][3] Group 2: Carbon Capture Initiatives - The company is actively developing direct air capture technology, with a facility in Ector County, Texas, set to be the largest of its kind, capable of removing up to 500,000 metric tons of carbon dioxide from the air annually [6][4] - Successful implementation of carbon capture technology at an industrial scale could enhance the marketability of crude oil [7] Group 3: Investment Confidence - Warren Buffett has expressed strong support for Occidental Petroleum, highlighting the company's expertise in oil extraction and its significant U.S. oil and gas holdings, with Berkshire Hathaway owning nearly 265 million shares valued at approximately $11 billion, representing about 26.9% of the company [8]

Core Viewpoint - Aker Carbon Capture ASA (ACC ASA) has made significant strategic decisions, including divesting its stake in SLB Capturi AS and proposing liquidation, which reflects a shift in the company's operational focus and financial strategy [1][3]. Financial Performance - In Q2 2025, ACC ASA reported a cash position of NOK 102 million, adjusted for NOK 90 million in remaining dividend withholding tax, and an equity position of NOK 92 million [4]. - The company proposed a dividend payment of approximately NOK 1.7 billion, which was approved by shareholders and distributed as NOK 2.86 per share on June 20, 2025 [2]. Strategic Decisions - ACC ASA divested its 20% ownership stake in SLB Capturi AS to Aker, completing the sale on May 14, 2025 [1][5]. - The Board of Directors proposed the liquidation of the company, with plans to distribute remaining cash to shareholders and apply for delisting from Euronext Oslo Børs [3]. Corporate Background - Aker Carbon Capture ASA was established in 2020, leveraging over 20 years of experience in carbon capture technology [4]. - The joint venture SLB Capturi was formed in June 2024, with SLB holding an 80% stake and ACC ASA indirectly owning 20% through its subsidiary [4].