ExxonMobil is strategically positioning itself in the emerging low-carbon energy market by focusing on green hydrogen projects, carbon capture, lithium production, and renewable fuels. The company is eyeing a significant market opportunity with estimates suggesting that green hydrogen alone could become a $1.4 trillion market by 2050. To capitalize on this potential, ExxonMobil is developing the world's largest low-carbon hydrogen project in Baytown, Texas, in partnership with Air Liquide. This project aims to produce vast amounts of low-carbon hydrogen and ammonia while ensuring the capture of over 98% of associated emissions. In addition to the hydrogen project, ExxonMobil is investing in various other lower-carbon energy initiatives, including carbon capture and storage infrastructure, lithium production for electric vehicles, and renewable fuels. The company's goal is to invest more than $20 billion between 2022 and 2027 in these projects, expanding its total addressable market to potentially $6 trillion by 2050. Furthermore, ExxonMobil's focus on transitioning towards lower-carbon energy sources is not only driven by market potential but also by the need to address climate change concerns and meet growing energy demands sustainably. By diversifying its energy portfolio and embracing a more sustainable approach, ExxonMobil aims to secure its position in the evolving energy landscape and deliver long-term value for investors.