ExxonMobil Balances Fife Closure With Growing US Carbon Capture Business [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
ExxonMobil (NYSE:XOM) is permanently closing its Fife Ethylene Plant in Scotland, with decommissioning to follow and significant implications for local jobs and the surrounding community. At the same time, ExxonMobil has started commercial operations at its first carbon capture and storage project with CF Industries in Louisiana, reflecting a shift in its global asset mix and emissions management efforts. For you as an investor, these moves sit at the intersection of ExxonMobil's traditional petrochemical footprint and its growing involvement in lower carbon services. The shutdown of Fife affects a long standing European manufacturing site, while the Louisiana CCS project points toward revenue opportunities tied to emissions management for third parties. Looking ahead, this combination of asset retirement in Scotland and CCS scaling in the US could influence how you think about ExxonMobil's geographic exposure, capital allocation and ESG profile. The key question is how decisio
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XOM
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- 1/30/26 - Beat
XOM
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- 2/3/26 - Form 4
- 2/3/26 - Form 3
- 2/2/26 - Form 4
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