Exxon Mobil (XOM)
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Exxon says CCS operations started at Nucor’s Convent steel facility; ties to Rose storage noted
ExxonMobil announced it has begun carbon capture, transport and storage operations at Nucor’s Convent, Louisiana direct‑reduced‑iron (DRI) facility, capturing up to 800,000 metric tons of CO2 per year. The company’s press release links this startup to progress on its Gulf Coast CCS network and cites the Rose permit as advancing dedicated storage capacity.
via TabTab1d agoSource
Exxon reports accepted bids of ~$1.186B in Pioneer bond cash tender offers
Reporting (Chinese-language summary) states Exxon disclosed results from cash tender offers for two Pioneer Natural Resources bond series, accepting about $1.185959 billion of principal across 2030 and 2031 notes. The accepted tenders reduce outstanding Pioneer debt as Exxon integrates the acquired company. Pricing used a 4.777% Treasury reference yield plus fixed spreads, and accrued interest will be paid to tendering holders.
via TabTab1d agoSource
Reports: Texas issues permit approval for Exxon’s ~$5 billion carbon capture project
FT reports that Texas regulators have approved a permit for an Exxon Mobil carbon capture project estimated at about $5 billion. The permit is a state‑level milestone but, according to reporting, is typically procedural — federal Class VI well permits, pore‑space rights and long‑term liability remain key gating items. The approval signals progress on Exxon’s CCS buildout but is not an investment decision (FID).
via TabTab2d agoSource
Fifth Circuit vacates OSHA rule for recording work‑related mental illnesses in Exxon case
The U.S. Court of Appeals for the Fifth Circuit ruled in Exxon Mobil Corp. v. Occupational Safety and Health Review Commission that OSHA exceeded its authority by requiring employers to record employee‑reported work‑related mental illnesses. The court vacated the mental‑illness recording rule and set aside the citation and penalty at issue. The decision could affect OSHA recordkeeping obligations and future challenges to injury/illness reporting rules.
via TabTab2d agoSource
Texas regulator approves ExxonMobil’s Rose carbon‑capture storage permit
The Texas Railroad Commission voted 2-1 to approve a Class VI injection permit for ExxonMobil’s Rose carbon‑capture and storage (CCS) project in Jefferson County, clearing a major state regulatory hurdle for the roughly $5 billion development. The permit allows permanent underground injection and storage of CO2 and is a key step toward providing dedicated storage capacity for Exxon’s Gulf Coast CCS network.
via TabTab2d agoSource
Exxon executive says U.S. LNG could supply about 30% of global market by 2030
Newsquawk reported an Exxon executive’s projection that U.S. LNG supply could grow to roughly 30% of global LNG supply by 2030, indicating the company sees significant expansion potential in U.S. liquefied natural gas markets. The comment signals Exxon’s view of future market share dynamics for LNG and underscores the company’s strategic emphasis on the business line.
via TabTab3d agoSource
Federal judge blocks New York’s Climate Change Superfund Act targeting fossil fuel firms
A federal judge ruled New York’s Climate Change Superfund Act unconstitutional and barred its enforcement, a law that would have required large fossil-fuel companies including ExxonMobil to pay into a $75 billion climate adaptation fund. The decision removes an immediate state-level liability threat to Exxon and other oil companies and could affect similar municipal/state climate litigation strategies.
via TabTab3d agoSource