Carbon capture and storage

ExxonMobil is a leader in the development and use of component technologies essential for carbon capture and storage (CCS), which we have focused on in our oil and gas operations for many years. The ability to capture, transport, and store CO₂ safely and efficiently represents an important opportunity for reducing global GHG emissions. For example, at our LaBarge Shute Creek facility in Wyoming, we have been capturing, transporting, and selling CO₂ since 1987, at rates up to 4 million metric tons of CO₂ per year. We are currently expanding this capability by nearly 50 percent and significantly reducing overall emissions. Most of the CO₂ marketed at Shute Creek is used for enhanced oil recovery. ExxonMobil is also a partner in the Sleipner Field in the North Sea, which has injected over 10 million tons of CO₂ (for storage) over the past decade.

ExxonMobil supports a robust research program on CCS through a variety of partnerships — Global Climate and Energy Project (GCEP) at Stanford University, CO₂ReMoVe, U.S. Department of Energy’s Regional Carbon Sequestration Partnership Program, the International Energy Agency’s Greenhouse Gas R&D Programme, and the Gulf Coast Carbon Center as well as research at the Georgia Institute of Technology, the University of Texas, and the Massachusetts Institute of Technology.