Abu Dhabi National Oil Company (ADNOC) has reorganized its U.S. investments related to lower carbon energy within its new international investment arm, XRG. This move includes stakes in an ExxonMobil hydrogen plant and NextDecade's LNG facility in Texas. XRG, valued at over $80 billion, will also take a majority ownership position in German chemicals maker Covestro. Additionally, XRG has formed a joint venture with BP in Egypt, initially focusing on gas projects. ADNOC's strategic acquisitions and partnerships highlight its commitment to building a diverse energy portfolio. ADNOC's CEO Sultan Al Jaber stresses the need for a variety of energy options to meet future demands, with a focus on gas, chemicals, and low carbon fuels. Al Jaber believes that emerging markets, shifting energy systems, and advancements in artificial intelligence will significantly impact energy consumption. The establishment of XRG reflects Abu Dhabi's forward-thinking approach towards energy investments and aligns with global energy trends. Al Jaber also praises the appointment of Chris Wright as U.S. energy secretary, viewing it as an opportunity to reshape the energy narrative positively.