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Exxon Mobil ($XOM) Secures Major Offshore Carbon Storage Lease in Texas
Oct 10, 2024, 12:47 PM
Exxon Mobil ($XOM) has secured the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico. This marks the largest offshore carbon dioxide storage lease in the U.S., executed with the Texas General Land Office. The move is part of Exxon Mobil's efforts to expand its Gulf Coast carbon storage network.
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