Exxon Mobil (XOM) Commences Commercial Operations of CCS Project

Exxon Mobil Corporation (NYSE:XOM) is included among the 10 Best American Oil and Gas Stocks to Buy.

Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.

Exxon Mobil Corporation (NYSE:XOM) announced on January 26 that it has commenced commercial operations of a carbon capture and storage project with ammonia producer CF Industries in Louisiana. The project, which entered service in 2025, will transport and store up to 2 million tons a year (MTPA) of carbon dioxide from CF’s Donaldsonville complex.

Exxon Mobil Corporation (NYSE:XOM) is positioning itself as a leading operator of carbon transport and storage networks and has secured agreements with AtmosClear and Lake Charles Methanol II to handle up to a combined 2 MTPA of CO2 from their planned facilities in Louisiana. The oil major is developing multiple storage hubs across Texas and Louisiana and expects three CCS projects to come online in 2026. Moreover, the company is progressing plans for its first low-carbon data center, with a final investment decision (FID) expected by the end of this year.

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