Darren Woods at the APEC summit in November
ExxonMobil charts own course on transition
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
Oil company executives find themselves on the receiving end of no shortage of sage advice about how they should proceed to cut their emissions and rebalance their new project investments amid the energy transition. From politicians to academics, media pundits, activists and consulting firms of all shapes and sizes, it seems everyone is trying to get in on this influence game. Much of this prevailing wisdom advises firms to simply go out and invest in big wind, solar and stationary battery projects as a main means of signalling their green virtues. It is a plan of action some major companies have attempted to follow with mixed results, as evidenced by recent major write-downs of offshore wind
Also in this section
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
