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 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 ...

ExxonMobil loses $331 million grant after US axes 24 clean energy awards. ... DoE also rescinded a $270 million grant for a Calpine carbon capture demonstration facility in Baytown.

Calpine, ExxonMobil Sign CO2 Transportation and Storage Agreement for Power Generation Project. SPRING, Texas, April 23, 2025--Exxon Mobil Corporation (NYSE: XOM) announced an agreement with ...

The Trump administration is cutting $3.7 billion in federal funding for clean energy and recycling projects, including Exxon Mobil's clean hydrogen project at its Baytown facility.

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

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 ...

Calpine's project gets cuts, too. Exxon could also feel an indirect impact from the Trump administration's cuts. ... ExxonMobil sees a huge opportunity ahead for lower-carbon energy.

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

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.

Among the canceled awards is a $331.9 million grant to ExxonMobil to replace natural gas with hydrogen at its Baytown ... Also canceled were a $270 million grant to Calpine for a carbon ...