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Exxon Mobil Corporation (NYSE:XOM) shares are trading lower today. The company inked a deal with Abu Dhabi National Oil Company (ADNOC), under which ADNOC will acquire a 35% equity stake in Exxon Mobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. The agreement marks the company’s significant investment in U.S. energy production and the global energy transition. The final investment decision is anticipated in 2025, with startup projected for 2029. The facility is expected to become the world's largest of its kind upon startup, subject to supportive government policy and regulatory approvals. It aims to produce up to 1 billion cubic feet of low-carbon hydrogen daily, with about 98% of ...


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