Exxon Mobil Corporation Has Executed The Largest Offshore Carbon Dioxide Storage Lease In The U.S. With The Texas General Land Office
Portfolio Pulse from Benzinga Newsdesk
ExxonMobil has executed the largest offshore CO2 storage lease in the U.S. with the Texas General Land Office, securing over 271,000 acres in Texas state waters. This move enhances ExxonMobil's leadership in the carbon capture industry and benefits the Texas Permanent School Fund.
October 10, 2024 | 12:39 pm
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ExxonMobil has secured the largest offshore CO2 storage lease in the U.S., enhancing its carbon capture capabilities and reinforcing its leadership in the industry. This strategic move also benefits the Texas Permanent School Fund.
The acquisition of the largest offshore CO2 storage lease in the U.S. positions ExxonMobil as a leader in carbon capture, a growing industry. This strategic move is likely to enhance its reputation and potentially attract environmentally conscious investors, positively impacting its stock price.
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