Exxon Mobil Corp. and ADNOC have signed an agreement for ADNOC to acquire a 35% equity stake in ExxonMobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. This partnership is a significant investment in the U.S. energy production and the global energy transition, aiming to reduce greenhouse gas emissions and meet the increasing demand for lower-carbon fuels. The facility, upon startup in 2029, is expected to be the world's largest of its kind, capable of producing up to 1 billion cubic feet daily of low-carbon hydrogen with advanced carbon capture and storage technologies ensuring a carbon-free process. The project will also create U.S. jobs and bring economic benefits to Baytown and the Houston area. Both companies have expressed their commitment to community development, sustainability, and social advancement, aligning with a broader strategy to ensure environmental gains extend to social and economic improvements.