ExxonMobil Slows Low-Carbon Investment Push Through 2030

ExxonMobil slows low-carbon investment push through 2030

ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday.

ExxonMobil's Low-Carbon Retreat Dovetails Neatly with Trump's Energy Policy Revolution

In a bold pivot that echoes the incoming Trump administration’s emphasis on energy dominance and deregulation, ExxonMobil has announced a significant reduction in its low-carbon investments, slashing spending by a third from $30 billion to $20 billion over the 2025-2030 period. This move redirects capital toward the company’s core oil and gas operations, prioritizing high-return projects amid steady oil prices around $65 per barrel and record U.…