From Yahoo Finance: 2025-04-26 14:33:00

ExxonMobil sees a $4 trillion opportunity in carbon capture and sequestration by 2050. Signing deals for transportation and storage solutions, the company aims to secure 30 million tons of contracts by 2030. With a $30 billion investment in lower-carbon energy, Exxon aims to generate $2 billion in earnings by 2030.

Exxon recently agreed to transport and store up to 2 million tons of carbon dioxide annually from Calpine’s Bayton Energy Center. This adds to the six contracts totaling 16 million tons per year. With a goal to provide 30 million tons of CCS services by 2030, Exxon is halfway there, aiming for over $10 billion in annual contractual revenue.

The company’s strategy includes tying Calpine’s facility into its existing carbon dioxide pipeline system, the largest in the world. These long-term contracts will provide stable and predictable earnings, helping to reduce volatility in profits. Exxon’s continued focus on CCS services positions it as a lucrative long-term investment opportunity.

Exxon’s broader investment push into lower-carbon energy includes CCS, hydrogen, and lithium solutions. The company estimates that these ventures could generate $2 billion in earnings by 2030. With a goal of over $10 billion in annual revenue from its CCS business, Exxon is positioning itself for stable and predictable growth in the coming years.

Read more: ExxonMobil Continues to Capture More of This Potentially $4 Trillion Future Market Opportunity