In today’s top stories related to Exxon Mobil Corporation (NYSE: XOM), we cover significant developments in environmental efforts, competition, and market trends.
EnLink Midstream’s Sustainability Report
EnLink Midstream (NYSE: ENLC) has published its 2022 Sustainability Report, highlighting its progress in reducing emissions intensity and its carbon transportation business.
The report showcases EnLink’s commitment to sustainability, including its efforts to reduce greenhouse gas emissions across various industries. “We are focused on providing the energy products that are critical to powering modern society while also offering solutions to reduce emissions,” said EnLink’s CEO, Jesse Arenivas.
This report is relevant to Exxon’s environmental risk as it demonstrates EnLink’s efforts to address climate change and promote sustainability in the energy sector, according to a press release.
ExxonMobil’s Lithium Supply Chain Talks
ExxonMobil is in early-stage discussions with major carmakers Tesla Inc (NASDAQ: TSLA), Ford Motor Co (NYS: F), and Volkswagen (OTC: VWAGY), as well as other automakers, regarding lithium supply chains for electric vehicle (EV) batteries.
The discussions come as Exxon seeks to diversify its operations beyond fossil fuels and capitalize on the growing demand for lithium.
The company recently purchased drilling rights in Arkansas, a region believed to have significant lithium deposits. Other oil majors, including Chevron (NYSE: CVX) and Occidental Petroleum Corp (NYSE: OXY), have also expressed interest in entering the lithium extraction business as global commitments to EV targets drive up demand for the metal.
“However, concerns have been raised about potential shortages in lithium supply due to delays in mining permits and global inflation,” said mining tech reports.
Global Lubricants Market Report
A recent report provides a comprehensive overview of the lubricants market, including market dynamics, trends, and competitive landscape.
It examines the impact of market segmentation, such as product type and application, on the growth potential of the industry.
Additionally, the report offers regional analysis to evaluate the market’s performance and expansion prospects in different geographic regions. Exxon Mobil Corporation, along with other major players like Chevron, BP, Shell, and TotalEnergies, is analyzed in the report.
Investors can leverage this valuable resource to gain insights, make informed investment decisions, and capitalize on opportunities in the global lubricants market, UC Review reports.
Produced in association with Benzinga
Edited by Priscilla Jepchumba and Judy J. Rotich