Exxon Mobil, led by CEO Darren Woods, is strategically transitioning towards low-carbon markets while emphasizing the need for competitive returns to meet shareholder expectations. Woods highlights the importance of investments generating robust earnings, cash flow, and shareholder returns. The company has been actively engaging in low-carbon initiatives like carbon capture and storage (CCS), hydrogen, and lithium, showcasing a willingness to explore new markets. With a focus on capitalizing on core capabilities, Exxon seeks to unlock value through technological advancements and innovative solutions. Woods acknowledges the challenges in low-carbon businesses, especially in nascent markets like carbon capture. Despite these hurdles, Exxon remains committed to pursuing opportunities in carbon materials, polyolefin thermosets, hydrogen, lithium, and CCS. The company's restructuring in 2022 has enabled it to identify and capitalize on new avenues for growth, leveraging its technological expertise and business capabilities. Exxon's ambitious plans include investing over $20 billion in lower emissions projects by 2027, with a focus on biofuels, CCS, hydrogen, and lithium. Woods envisions a future where global energy demand increases, with a reliance on technologies where Exxon holds an advantage, such as hydrogen and biofuels. The company aims to shift towards a low-carbon energy landscape, emphasizing the necessity of the transition. Notably, Exxon is making significant strides in hydrogen production, with plans for a massive facility in Baytown, Texas, expected to be the world's largest. This facility aims to produce substantial amounts of hydrogen and ammonia while capturing a high percentage of CO2 emissions, showcasing Exxon's commitment to sustainable energy solutions. The company's focus on achieving long-term sustainability and competitive returns underscores its strategic shift towards low-carbon markets.