Exxon Mobil plans $10 billion carbon capture project in Houston to combat climate change

From Barchart: 2025-04-14 03:52:00

1. Exxon Mobil Corp. announced plans to invest $10 billion in a carbon capture and storage project in Houston, Texas. The project aims to reduce emissions and combat climate change by capturing up to 100 million tons of carbon dioxide annually.
2. The S&P 500 index closed at a record high, driven by strong gains in tech stocks. Apple, Amazon, and Microsoft all saw increases, contributing to the overall positive performance of the index.
3. Inflation in the United States rose 0.9% in September, marking the largest monthly increase in 13 years. The surge was driven by higher prices for food, energy, and shelter, raising concerns about the impact on consumers and the economy.
4. Jobless claims in the US fell to a new pandemic-era low, with 293,000 initial claims filed last week. The decline suggests a strengthening labor market as businesses continue to hire and the economy recovers from the impact of the COVID-19 pandemic.

Read more at Barchart: What You Need To Know Ahead of Exxon Mobil’s Earnings Release