Matthew Salcher’s Post

During #CERAWeek ExxonMobil CEO Darren Woods talked about Chevron - Hess $53 Billons deal and the possible Exxon's preemption rights over Hess assets in Guyana. Besides that, he said that IRA government stimulus is a good step toward #energytransition and #CCS #CCUS industry development. CCS is a new industry with a bright future according with him. Exxon has signed a contract with three companies (An industrial gas supplier, a fertilizers company and a steel plant) that will allows them to capture CO2 emissions equivalent to the total reductions associated with the whole fleet of electrical vehicles sold in US (5 mm tons annually). https://lnkd.in/edx2zUcH

ExxonMobil Signs the Largest Offshore Carbon Storage Deal in U.S. History. One of the wealthiest companies on the planet just made another massive play in carbon capture and storage. It secured 271,000 acres of Texas state waters for offshore CCS—its 6th CCS project. Exxon’s strategy is clear: dominate the CCS value chain. After acquiring Denbury in 2023, they now own the largest CO2 pipelines in the U.S. Their LaBarge facility already captures 6–7 million tons of CO2 annually. Exxon's goal is to cut more than 100 million metric tons of emissions annually. Looks like the big players are finally recognizing the business potential in CCS… #CCS #energytech #energytransition #climatetech

INTO THE LION'S DEN Exxon CEO Goes Into the Lion’s Den to Tout Fossil Fuels https://hubs.la/Q02Y4Nz10 #exxon #exxonceo #fossilfuels #oilandgasindustry #energytransition #oilindustry #energyindustry

According to a recent report by Oil Change International, none of the large US and Europe has and oil companies have climate plans that are compatible with the 1.5C target. The list includes giants BP, Chevron, ConocoPhillips, Eni, Equinor, ExxonMobil, Shell and TotalEnergies. 1.5C above pre-industrial levels is the threshold that is now universally accepted to have dire consequences if breached. The study found that the companies’ current extraction plans lead to more than 2.4C global temperature increase. Six of the eight companies – except for Shell and BP – have explicit goals to increase oil and gas production. All of them use carbon offsets extensively. This should be a wake-up call for these companies to take more aggressive action to contain climate change. #RumenPresents #oilandgas #climatechange

𝐂𝐚𝐫𝐛𝐨𝐧 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 (𝐂𝐂𝐒) 𝐦𝐚𝐫𝐤𝐞𝐭 is a burgeoning sector aimed at mitigating carbon dioxide emissions from industrial processes and power generation. 🌍⚡ As the world seeks solutions to combat climate change, CCS technologies have gained prominence for their potential to reduce greenhouse gas emissions significantly. This market involves capturing CO2 emissions from various sources, transporting them to storage sites, and securely storing them underground to prevent their release into the atmosphere. With increasing environmental regulations and growing awareness of climate issues, the CCS market is poised for substantial growth and innovation in the coming years. 🌱💡 𝐓𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞: https://bit.ly/43oM1cc 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:  ➱ ExxonMobil  ➱ NRG Energy  ➱ Chevron  ➱ Shell  ➱ Fluor Corporation  ➱ Climeworks  ➱ Dakota Gasification Company  ➱ The Linde Group, Inc.  ➱ Oxy

ExxonMobil threatens to scrap its low-carbon hydrogen project in Texas if denied Inflation Reduction Act tax credits. CEO Darren Woods emphasizes the project's role in reducing carbon intensity and the need for governmental support to continue investments in cleaner energy technologies. https://lnkd.in/girrjMKy #EVNews #EV #ExxonMobil #LowCarbonHydrogen #InflationReductionAct #GreenHydrogen #BlueHydrogen #DarrenWoods #USGovernment #CleanEnergy #HydrogenProject #BaytownTexas #CarbonReduction #SustainableEnergy #EnergyPolicy #TaxCredits #EmissionReduction #ClimateAction #EnergyTransition

Watch the “Our Energy” Brighter Futures video below for more insight into how ExxonMobil LNG creates brighter futures for people, businesses and communities everywhere.

Major Producers Increase Fossil Fuel Output Post-Paris Agreement 📍 57 oil, gas, coal, and cement producers linked to 80% of global greenhouse gas emissions since the 2016 Paris climate deal. 📍 The majority of mega-producers increased fossil fuel output and emissions post-agreement 📍 ExxonMobil, Shell, BP, Chevron, and TotalEnergies are among the top contributors to global emissions 📍 Chinese state coal production accounts for the largest share of historic global CO emissions 📍 InfluenceMap analysis shows most entities increasing production after the Paris Agreement, highlighting the need for accountability.

🌍 The global shift towards sustainable energy is gaining momentum, and the Oil & Gas industry stands at the forefront of this transformation. In our latest comprehensive study, Sia Partners meticulously examines the investment strategies of leading Oil & Gas Majors, including BP, Chevron, Shell, and TotalEnergies, as they chart their course to 2050. Amid the pandemic, these industry giants faced significant challenges, yet they have rebounded with record-breaking profits. This resurgence is paving the way for an unprecedented wave of investments. By 2025, we anticipate that low-carbon investments will potentially double, revealing a compelling dichotomy: 🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor): These companies are maintaining their traditional focus while gradually ramping up efforts to reduce emissions. 🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies): These companies are channeling nearly half of their investments into renewable energies, significantly influenced by stringent European regulations. Looking ahead to 2050, these strategies will further diverge, each shaping a unique vision for the future of energy. Eager to uncover the insights from our analysis? Explore our in-depth report: "Is the Oil & Gas Industry Ready for the Climate Challenge?" 📊🔍 #SustainableEnergy #OilAndGas #EnergyTransition #InvestmentStrategy Jean-Baptiste Hecquet Sohail Thaker (he/him/his) Jean Trzcinski Sean Jump Jean-Luc Mattar Filipe Lyrio Carlos Guevara Anis Balla Amancio Torres Roberto Wyszkowski Canal https://lnkd.in/d68DXvip