Amidst policy uncertainty in the U.S. energy landscape, major players like Exxon Mobil and Chevron are charting a course towards lower-carbon solutions. Both companies are actively pursuing carbon capture and storage (CCS) and hydrogen projects to contribute to global efforts in reducing greenhouse gas emissions. Exxon Mobil's ambitious Baytown low-carbon hydrogen project, set to produce significant amounts of hydrogen using natural gas by 2029, highlights the companies' commitment to innovation. However, the success of such projects is heavily reliant on securing government tax incentives, pointing to the importance of policy support in driving energy transition. Efforts to shift towards clean hydrogen production methods, such as incorporating carbon capture or utilizing renewable energy sources, are seen as crucial steps in promoting market competition. While government subsidies currently play a key role in incentivizing investment in these technologies, the oil giants envision a future where energy sources, including hydrogen, can stand on their own without the need for subsidies. This strategic shift underscores the companies' long-term vision for sustainable and economically viable energy solutions.