ExxonMobil charts own course on transition - Petroleum Economist Piece

The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries

Exxon CEO Darren Woods Speaks at the APEC Conference in November

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 projects by BP and Equinor, and announced shifts in strategy by Shell and others during the course of 2023.