AI needs power—and lots of it. These formerly stodgy Big Oil companies are well positioned to offer just that.

ExxonMobil recently secured the largest U.S. offshore CO2 storage lease while Chevron, ... One CCS project with the Calpine power company could net $270 million in taxpayer support. ...

Oil giant ExxonMobil (XOM 1.42%) got caught in the crosshairs of these cuts. ... Calpine's project gets cuts, too. Exxon could also feel an indirect impact from the Trump administration's cuts.

ExxonMobil in the Crosshairs: The Trump Administration Is Cutting Funding for Projects Aimed at Capturing a Potential $4 Trillion Market Opportunity. ... Calpine's project gets cuts, too.

Oil giant ExxonMobil (NYSE: XOM) got caught in the crosshairs of these cuts. It stands to lose $332 million in funding for a carbon capture and sequestration (CCS) project at its refinery complex ...

Affected companies include PPL Corp., Ørsted and Exxon Mobil Corp. The Calpine grants were for CCS projects at its 550-MW gas-fired Sutter power plant in Yuba City, California, and its 810-MW ...

Spring-based Exxon Mobil Corp. (NYSE: XOM), which lost $331.9 million in funding for a Baytown project. Houston-based Calpine Corp., which lost $270 million for a Baytown project.

ExxonMobil and Calpine Corporation have entered into an agreement to transport and permanently store up to 2 million metric tons per year of CO2 from the Calpine natural gas-fired power plant. This is ...

The indirect subsidiary of Calpine received an award of up to that amount to build a demonstration facility capturing carbon dioxide from a power plant. – Exxon Mobil Corp.’s award of more ...

The U.S government’s clean energy cuts sliced through Baytown Friday. A $332 million carbon reduction project at ExxonMobil’s Baytown Olefins Plant and a $270 million cost-sharing agreement in a ...

A spokesperson for ExxonMobil declined to comment on Friday. Calpine, Eastman Chemical and Orsted didn’t immediately respond to requests for comment.

Power generator Calpine and its carbon capture projects also ... A $332 million canceled award for Exxon Mobil was for a project that planned to swap out natural gas for hydrogen at a textile and ...