Big Oil wants to help Big Tech power artificial intelligence data centers [MSNBC.com]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: MSNBC.com
In this articleBudrul Chukrut | Lightrocket | Getty ImagesExxon MobilChevronunveiled planscarbon capture and storage"We're working with other large cap industrials to rapidly deploy a solution that would provide both high reliability and low carbon intensity power to meet the growing demand for computing power for artificial intelligence," Exxon Chief Financial Officer Kathryn Mikells told Wall Street analysts Wednesday without disclosing names of the companies' the oil major is working with on the project.The gas plant would not rely on the electric grid and would be independent of utilities, allowing faster installation than traditional power generation projects, Mikells said. Exxon has not disclosed a customer or a timeline for the project.Exxon has invested heavily in building a carbon capture network along the Gulf Coast with more than 900 miles of pipeline to transport CO2 from several industrial customers to permanent storage sites. The oil major estimates decarbonizing AI data
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XOM
Earnings
- 11/1/24 - Beat
XOM
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 4
- 12/2/24 - Form 4
- XOM's page on the SEC website