Exxon unveils low-carbon plan to power data centers

Big Oil eyes powering Big Tech's data center demand
Chevron Corp and Exxon Mobil are considering entering the electricity business, with the U.S. oil majors working on deals to use natural gas and carbon capture to power the technology industry's AI data centers,
Exxon Planning Low-Carbon Power Plant For Data Centers
The natural gas-fired plant, the location of which has not been disclosed, is also expected to have pricey carbon-capture technology that could capture more than 90% of the project’s carbon dioxide emissions, The New York Times reported .
ExxonMobil plots natural gas power plant to exclusively power data centers
US multinational oil and gas major ExxonMobil has revealed plans for a new 1.5GW natural gas-fired power plant dedicated to powering data centers. The project is in the early stages of development. It would mark the first time Exxon has built a power plant that does not supply energy to its own operations.
Chevron and Exxon Eye Entry Into Data Center Energy Supply
Chevron and Exxon are planning to enter the electricity supply business using natural gas with carbon capture to meet the booming demand from data centers.
ExxonMobil plans large gas plant with CCS for data center power
Exxon believes data centers could account for up to 20 percent of the total addressable market for CCS in 2050.
Exxon Mobil explores natural gas-fired power plants to power data centers
This would be the first time Exxon built a power plant that wasn’t intended to power its own operations, the New York Times reported.
Exxon Plans to Sell Electricity to Data Centers
The country’s largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies.
ExxonMobil Planning Large Gas-Fired Plant to Serve Data Centers
ExxonMobil is preparing to join the power generation business, seeing an opportunity to support the electricity supply for energy-intensive data centers.
Exxon Mobil to sell electricity to data centers, NY Times reports
Exxon Mobil (XOM) is designing a natural gas power plant outfitted with carbon capture technology to meet the demand of technology companies, The New York Times’ Rebecca F. Elliott reports. The plant will be fitted with technology that can capture more than 90% of the facility’s carbon dioxide emissions,
Exxon sets 5-year plan to boost oil and gas output by 18%
Exxon Mobil on Wednesday said its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030 as it looks to boost its oil and gas output by 18%.
Exxon Mobil’s New Plan Goes Bigger in Oil—and Even Data Centers
Exxon Mobil plans to invest heavily into several big projects over the next six years, even as some other oil companies are growing more cautious, the company said at an investor day on Wednesday. All that investment comes at a time when most analysts expect oil prices to fall next year because of a glut—which may be why Exxon stock was down 0.
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