TLDRExxonMobil plans about $20 billion in lower-emission investments through 2030CCS contracts cover roughly 9 million metric tons of annual CO2 capacity todayNew businesses could generate more than $1 billion in yearly earnings by 2030ExxonMobil sees new-business earnings potential reaching $13 billion by 2040EV growth raises long-term oil demand pressure as carbon capture projects expandExxonMobil’s (XOM) shares low-carbon strategy is entering a more measurable phase as carbon capture projects move from contracts into operating assets. XOM traded at $161.92, down 0.86% in early Thursday trading, after closing Wednesday at $163.32. The company plans roughly $20 billion of lower-emission investments through 2030, placing carbon capture near the center of future growth.Exxon Mobil Corporation, XOMCarbon Capture Moves Toward Commercial ScaleExxonMobil has contracted roughly nine million metric tons of annual CO2 storage capacity with major third-party industrial customers. Its Gulf Coast network links industrial emissions with transport and permanent underground storage across dedicated infrastructure and existing pipeline expertise. The company says this platform gives CCS a larger commercial role within its expanding lower-carbon business portfolio.ExxonMobil plans several additional projects with Linde, Nucor, and New Generation Gas Gathering during 2026. That expansion should build operating history before 2027 and provide clearer evidence about revenue, costs, margins, and customer demand. ExxonMobil is also developing CCS-enabled data centers that would pair natural gas power with captured emissions and dedicated storage.Management targets a final investment decision on its first integrated low-carbon data center project by late 2026. That plan connects rising electricity demand with ExxonMobil’s existing natural gas supply, pipeline network, and carbon-storage capabilities. However, commercial returns still depend on project economics, policy support, customer contracts, storage performance, and execution across several sites.New Businesses Add Another Growth RouteExxonMobil expects new businesses to generate more than $1 billion in annual earnings by 2030 under its current plan. The portfolio includes CCS, lithium, hydrogen, Proxxima systems, carbon materials, biofuels, and other lower-emission activities across several markets. Management estimates those businesses could reach about $13 billion in annual earnings by 2040 under supportive policies and market development.Those projections remain separate from ExxonMobil’s much larger oil, natural gas, refining, chemicals, and fuels operations today. Therefore, traditional energy assets will continue driving most earnings while newer businesses scale gradually over the coming years. The company also expects roughly 60% of planned lower-emission spending to address emissions generated by third-party customers.ExxonMobil’s wider 2030 plan calls for stronger earnings, higher cash flow, and continued growth from its advantaged global assets. The company raised its 2030 earnings growth outlook to $25 billion versus 2024 at constant prices and margins. That broader plan gives the lower-carbon segment time to develop without replacing the core energy business in the near term.EV Growth Raises Pressure on Long-Term Oil DemandElectric vehicles create a clear long-term challenge for road-fuel demand, although the effect on total oil consumption remains gradual. Global electric-car sales exceeded 20 million in 2025 and represented about one-quarter of all worldwide car sales. The IEA now expects electric models to reach 29% of global car sales during 2026 after stronger second-quarter demand.The global EV fleet displaced about 1.7 million barrels of oil demand daily during 2025, according to IEA estimates. Current-policy scenarios show that displacement reaching roughly five million barrels daily by 2030 as electric vehicle adoption expands. That shift affects gasoline and diesel demand, but oil remains important across aviation, shipping, petrochemicals, manufacturing, and other industries.Carbon capture could therefore serve as a transition business while large industrial customers continue using fossil fuels for essential operations. By 2027, additional operating projects may give ExxonMobil more data for detailed financial guidance on CCS economics and returns. For XOM, the long-term case still depends on core energy profits and disciplined expansion into profitable newer business lines. The post ExxonMobil’s (XOM) Stock: Carbon Capture Could Fuel Its Next Growth Wave appeared first on Blockonomi.