Abu Dhabi National Oil Company (ADNOC) has consolidated its investments in the United States under its new international investment arm, XRG, as part of a strategic move towards building a business focused on lower carbon energy and chemicals. XRG, announced in November with a value exceeding $80 billion, has investments in an ExxonMobil hydrogen plant and NextDecade's LNG facility. Additionally, XRG will acquire majority ownership of German chemicals maker Covestro. ADNOC has also formed a joint venture with BP in Egypt, initially concentrating on gas projects. The company has been actively expanding its portfolio, including acquiring a 35% stake in a large-scale hydrogen plant in Texas and an 11.7% stake in a LNG export facility in the same state, along with entering into supply agreements. ADNOC's CEO, Sultan Al Jaber, views the appointment of Chris Wright as U.S. energy secretary positively, highlighting the necessity for a varied energy mix to meet future demand arising from emerging markets and energy transitions. Al Jaber emphasized the importance of diverse energy options, including more gas and chemicals, to support data centers and energy infrastructure. The establishment of XRG signifies Abu Dhabi's commitment to innovative energy investments, covering a broad spectrum of sectors from traditional gas to emerging low carbon fuels.