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Low Carbon Solutions

All articles tagged with #low carbon solutions

energybusiness3 hours ago•2 min saved

Hormuz disruption to trigger a fundamental shift in global energy

CEOs of major oil and gas firms say the Iran war and the closure of the Strait of Hormuz will drive a global energy rebalancing: governments will prioritize energy security and diversify supplies, investment in oil exploration and production will rise, offshore and deepwater opportunities will expand, and funding for low-carbon options like geothermal and nuclear will continue, with inventories rebuilt and U.S. crude playing a pivotal role as supply remains tighter post-disruption.

via CNBC|

#energy-security #energybusiness #low-carbon-solutions

business2 years ago•19 min saved

ExxonMobil's Strategic Moves: Cost Cuts, Share Buybacks, and Increased Oil Production

ExxonMobil has announced its corporate plan, aiming to generate average returns of around 30% from capital investments with payback periods of less than 10 years for over 90% of the investments. The company plans to pursue over $20 billion in lower emissions opportunities and has already achieved $9 billion in structural cost savings, with an additional $6 billion expected by 2027. ExxonMobil aims to increase its share repurchases to $20 billion per year through 2025, assuming reasonable market conditions. The company also plans to grow its annual earnings and cash flow by $14 billion from 2023 to 2027 by reducing costs, increasing production from low-cost assets, and expanding sales of high-value products.

via ExxonMobil|

#business #capital-investments #corporate-plan

business2 years ago•3 min saved

Shell Implements Job Cuts and Strategy Shift in Low-Carbon Division

Shell plans to cut 15% of the workforce in its low-carbon solutions division, including 200 jobs in 2024, as part of CEO Wael Sawan's efforts to boost profits. The company will also scale back its hydrogen business, particularly in the light mobility sector, and focus on heavy mobility and industry. The changes aim to strengthen Shell's core low-carbon business areas such as transport and industry. The company's carbon capture and storage and nature-based solutions businesses will not be affected by the cuts. Shell's move comes as it seeks to revamp its strategy and prioritize higher-margin projects, steady oil output, and natural gas production.

via Reuters|

#business #hydrogen #job-cuts