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What will be Exxon Mobil's carbon storage capacity in Texas Gulf Coast by end of 2025?
2
Resolution / Starting Odds
Less than 5 million tons • 25%
5 to 10 million tons • 25%
10 to 15 million tons • 25%
More than 15 million tons • 25%
Exxon Mobil's official reports or industry analyses
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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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