The Permian has up to 11 Bcf/d of new natural-gas takeaway capacity scheduled to enter service through the end of 2029, with still more coming into the early 2030s. The central question is whether natural gas growth from Permian oil development will fill that capacity and, if so, how quickly.
The Texas Railroad Commission (RRC) has approved the state’s first new carbon-capture project since it assumed primacy for Class VI injection wells in December 2025. ExxonMobil’s Rose CCS project southwest of Beaumont in Jefferson County was approved by a 2-1 vote of the RRC on September 16. The project’s three wells would permanently store about 4 million MT per year of carbon dioxide (CO2) over 13 years, or about 52 million MT overall.
While ExxonMobil delivered another quarter of record Permian production at more than 1.8 MMboe/d, management made it clear that future value creation will depend less on adding volumes and more on improving recovery and capital efficiency.
For decades, the major integrated oil companies have been judged by their global scale, diversified business models and shareholder returns. But are their U.S. upstream businesses competitive? Today, we provide answers that may surprise many investors.
If there was one project ExxonMobil repeatedly highlighted during its Q1 2026 earnings call, it was Golden Pass LNG.
U.S. crude oil production averaged a record 13.6 MMb/d in 2025, up nearly 1.6 MMb/d from 2023, but crude export volumes remained remarkably stable — at or very near 4.1 MMb/d — until a recent Iran-related surge. A key reason: “capacity creep” expansion projects at several Gulf Coast refineries.
Nashville is known for its music, but it’s also a fast-growing gasoline and diesel market, uniquely positioned between the Gulf Coast and Midwest. With major development projects planned, such as the new Tennessee Titans stadium, it’s getting to be a tight squeeze for the area’s fuel terminals.
ExxonMobil and BASF have agreed to co-develop methane pyrolysis technology, including plans to construct a demonstration plant, which would serve as a critical step toward delivering commercial-ready hydrogen solutions for industrial use.
The global petrochemical is currently experiencing a downturn, and this is showing up in earnings. These companies are reacting with cost reductions and capacity rationalizations.
The budget reconciliation bill signed into law July 4 by President Trump — known as the One Big Beautiful Bill Act (OBBBA) — dramatically scales back a number of clean-energy tax credits and adds a new layer of complexity for some projects, leading to a lot of doom and gloom around clean-energy initiatives, but the new legislation is a big positive for the carbon-capture industry. In today’s RBN blog, we look at how changes to the 45Q tax credit could help advance carbon-capture efforts while also providing a boost to producers of crude oil and blue hydrogen.
