Exxon Mobil (XOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 116.53

+1.3%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sr K	11/13/2023 11:03:45 AM
	Read Replies (1) of 585

Exxon Makes Lithium Play in Long-Term Bet on EV Demand wsj.com Oil company plans to produce battery-grade lithium by 2027 in Arkansas oil fields By Collin Eaton Updated Nov. 13, 2023 10:02 am ET Share Resize Listen (5 min) Exxon Mobil, whose headquarters is in Texas, said it is drilling its first lithium well in Arkansas’ Smackover region. PHOTO: MERIDITH KOHUT FOR THE WALL STREET JOURNAL Exxon Mobil said Monday it is starting to drill for lithium in Arkansas and aims to become a major U.S. supplier for makers of electric-vehicle batteries by 2030. The Texas-based oil company’s entrance into the lithium business, first reported by The Wall Street Journal in May, is an effort to reposition itself long-term for the advent of EVs and electrification in the transportation sector, which it dominated for decades as one of the world’s largest fuel makers. Lithium is a key ingredient in making batteries for EVs, cellphones and laptops. Exc. Full

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next