It looks like Exxon is pivoting to be an energy provider & owner of piping infrastructure, with petroleum products being a product line. The CO2 pipelines seem similar in infrastructure to oil pipelines. CO2 looks like a great opportunity for companies like Exxon to further consolidate the energy markets & gain entry into the heavily subsidized Carbon Capture market. They will gain tax funded & printed revenue as well as more pipeline infrastructure.

On the PR front, Exxon is now a "Green Company" who is "saving the world from Climate Change". Their ESG score will rise which will attract additional investment in public markets.

I wonder how many Carbon Offset credits this will yield them. Will this make Exxon a "Carbon Neutral Company"? An interesting mix of finance justified by environmentalism & a case example of what happens when environmentalism is reduced to a single metric. Well played Exxon, well played...