Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
The energy research firm indicates that investments by industry giants such as ExxonMobil, Chevron, BP, Shell, TotalEnergies, and Eni could add 286,000 barrels per day (bpd) of production capacity. SAF, produced from waste and residue like used cooking oil or organic crops, emits the same amount of carbon dioxide as kerosene when burned. However, it's considered less polluting due to its production from leftovers or plants rather than newly drilled oil, which releases additional greenhouse gases. The aviation industry accounts for nearly 2% of global energy-related carbon dioxide emissions. "As the energy transition progresses, these biofuels offer a practical, near-term solution to reduce emissions without requiring significant changes to current infrastructure," said Lars Klesse, analyst of bioenergy research at Rystad. BP leads the pack with the largest announced production capacity, reaching a combined 130,000 bpd. Strategic acquisitions, such as BP's purchase of Bunge
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XOM
News
- India's Modi seeks energy security from Guyana and its vast oil deposits [Yahoo! Finance]Yahoo! Finance
- Trump's Energy Picks Signal Policy Shift [Yahoo! Finance]Yahoo! Finance
- Exxon Mobil's (NYSE:XOM) investors will be pleased with their strong 111% return over the last three years [Yahoo! Finance]Yahoo! Finance
- Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants [Yahoo! Finance Canada]Yahoo! Finance Canada
- Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants [Yahoo! Finance]Yahoo! Finance
XOM
Earnings
- 11/1/24 - Beat
XOM
Sec Filings
- 11/12/24 - Form 8-K
- 11/4/24 - Form 10-Q
- 11/1/24 - Form 8-K
- XOM's page on the SEC website