ExxonMobil Europe

Europe is pursuing decarbonization while making itself increasingly dependent on imported energy. That is a contradiction policymakers can no longer ignore. A new report from Wood Mackenzie should be a wake-up call for European policymakers. According to its analysis, EU gas imports could exceed 98% of demand by 2050 if no new domestic field investments move forward. Today, the EU already imports about 85% of the gas it consumes, and LNG's share of supply could rise significantly as indigenous production declines and traditional supply sources weaken. The choice facing Europe is not between domestic production and imports. It is between responsibly produced domestic energy and growing reliance on external suppliers. A more supportive investment environment could increase EU production to 77 bcm by 2042, helping meet 38% of demand and displacing the equivalent of hundreds of LNG cargoes each year. Europe's long-term economic competitiveness, industrial resilience, and energy security will depend on maintaining access to affordable and reliable energy. Domestic production alone will not make the EU self-sufficient, but policies that discourage investment risk pushing the bloc toward ever-greater import dependence. Demand does not disappear because investment does. If Europe continues to consume natural gas while discouraging domestic production, it will increasingly rely on imported supply, exposing consumers and industry to higher costs, greater volatility, and deeper dependence on external markets. #EnergySecurity #Europe #NaturalGas #EnergyPolicy #Upstream #LNG #EnergyTransition #EUPolicy   https://lnkd.in/eAUG9SSr

Carbon capture and storage (CCS) is a critical technology in the reduction of greenhouse gas emissions and the pursuit of EU and international climate goals. ExxonMobil is a global CCS leader, having captured over 120 million metric tons of CO₂. This is more than any other company worldwide, and accounts for approximately 40% of all manmade CO₂ ever captured. However, to enable the deployment of CCS at scale in Europe, the region needs policies that support the full value chain – from capture, through transport, to storage. The Net- Zero Industry Act requires 50 million tons of operational CO₂ storage capacity by 2030. However, this is not achievable given permitting timelines, project maturity, and the current market environment. It typically takes 7-10 years to develop a CCS storage site. That means we need policy change now. A more realistic approach to carbon storage today can help Europe create a solid carbon storage infrastructure that is fit for emission reductions and for the future. Find out more about our work on CCS: https://lnkd.in/gcuDPXw4 #CCS #CarbonCapture #CarbonStorage #NetZeroIndustryAct

From January 2027, new administrative requirements come into force under the EU Methane Emissions Regulation (MER). For EU importers of crude oil and natural gas, this means they must comply with set parameters for the monitoring, reporting and verification of methane emissions. At ExxonMobil, we’re committed to reducing global methane emissions and we’re making strong progress on this across our own operations around the world. Since 2016, we’ve cut methane emissions intensity by more than 60% across our operated assets. In fact, we expect to achieve our 2030 methane reduction target of 70-80% (compared to 2016 levels) by the end of 2026 – four years ahead of schedule. However, the Commission has not delivered the protocols needed. The mechanisms are simply not in place for EU oil and gas importers to adhere to the new MER equivalence requirements as early as next year. Currently, no country in the world is confirmed as fully compliant by the January 2027 deadline. We’re therefore calling on the European Union to pause the MER implementation timeline. Producers and importers need enough time to ensure relevant compliance elements are available before requirements become effective. We need to act now to prevent the threat of disruption to the European supply of oil and gas posed by unrealistic MER deadlines and requirements. Find out more about our work on reducing methane emissions here: https://lnkd.in/e3FPbZPq ##MethaneReduction #EUMethaneRegulation #EnergyIndustry #EnergySecurity

ExxonMobil has gifted nearly £2 million in industry‑grade equipment to Fife College in Scotland. The donation, which covers advanced industrial equipment, tools and workshop facilities was made from the Fife Ethylene Plant.   The site ended production in January. This gift forms part of our commitment to leave a lasting legacy for future generations of the local community where we operated for more than 40 years. The donation, which includes several hundred items, is designed to enable hands-on learning on modern, workplace‑ready equipment that builds job‑ready skills. The equipment will support students in the development of a wide range of skills, including mechanical, electrical, and instrumentation. Fife College Principal Jim Metcalfe highlighted the “scale and quality” of the equipment and its ability to help the college “give our learners the confidence, skills and experience employers in Fife value”. You can find out more about the donation here: https://lnkd.in/e9TA3qZV

What are the biggest challenges facing our world today, and how can STEM help us find the solutions? These are the questions tackled at the annual Sci-Tech Challenge. Co-hosted by ExxonMobil and JA Europe, this exciting competition brings together students from across Europe to brainstorm, problem-solve, and innovate. Read on to hear directly from this year’s talented young participants and enthusiastic volunteers about their Sci-Tech Challenge experience! #SciTechChallenge #STEM #Innovation

Last month, we published our annual Advancing Climate Solutions report. Our unmatched set of competitive advantages puts us in a unique position to help bend the curve on GHG emissions and supply the energy the world needs. Each year, we outline our sustainability aims and objectives, and the progress we’re making towards them. These are the 5 key takeaways from the 2026 report: 1.    We’re pursuing ~$20 billion in lower-emission investments from 2025-2030. Exciting projects in Europe include carbonate fuel cell field testing at our Rotterdam facility. 2.    We’re aiming to reduce our methane emission-intensity by 70-80% in 2026 – compared to 2016 levels. We’re expected to meet that target by the end of this year – four years ahead of schedule. 3.    We have a robust business that is positioned to grow in a lower-emission future. 4.    We're proposing policy solutions that we believe will bring emissions down more effectively and affordably. In Europe, we’re particularly advocating for technology-neutral policy frameworks that let all technologies compete to decarbonize at the lowest cost to society. 5.    We’re hard at work creating sustainable solutions that improve quality of life and meet society’s evolving needs – with a focus on doing the right thing, the right way. You can find the full report here: https://lnkd.in/eaKiNr5Z #ClimateSolutions #ReducingEmissions

The European final of the 2026 Sci-Tech Challenge has just wrapped, and what a great event it was. Over the two days, we saw fantastic innovation, collaboration, and enthusiasm from the students who took part in the STEM event. Students at the Sci-Tech final, which ExxonMobil organizes in partnership with JA Europe, worked hard, and had fun: brainstorming, pitching ideas, exploring Brussels and making new friends along the way. Xenion Education in Cyprus has won the title of best STEM school in Europe this year. Congratulations! We want to say a huge thank you to everyone who took part in this year’s Sci-Tech Challenge, from teachers and jury members to ExxonMobil and JA Europe volunteers. And, of course, most of all we want to thank and congratulate our participating students! It’s wonderful to see such a talented, creative and enthusiastic group of students, with such innovative ideas for how to solve some of the biggest challenges facing our society, our environment, and our economy. #SciTechChallenge #STEM #STEMEducation

Today, the national STEM champions are pitching their innovative ideas to a professional jury at the European Economic and Social Committee. It’s a special moment where creativity and technical expertise come together on a European stage. Before the pitches begin, EU Commissioner for the Environment Jessika Roswall Roswall shares a few inspiring words, highlighting the importance of innovation, collaboration, and young talent for Europe’s future. Best of luck to all the teams — we believe in you! #JA Europe #SciTechChallenge #STEM

The day has come! We’re excited to welcome the Sci-Tech Challenge finalists today to the ExxonMobil European Campus in Brussels. Students from Belgium, the Netherlands, Hungary, Cyprus, and the Czech Republic who won their national finals now have the chance to prove themselves again today and tomorrow. The challenge is to develop unique plastic recycling solutions. We wish all the participating teams a fantastic final. Your ideas are shaping the future! #SciTechChallenge #STEMEducation #Innovation #ExxonMobilEurope #NextGeneration

Liquified natural gas (LNG) matters — and it matters now. It plays a key role in helping countries replace high-emitting energy sources such as coal, enhance energy security, and support the deployment of renewable energy.   We project that the global demand for natural gas will increase 20% by 2050, as global economies and their energy needs grow. LNG has the potential to help meet that demand, both today and in the future. We also anticipate that LNG demand will rise by around 3% annually through 2050. At ExxonMobil, we’re scaling up our LNG capacity to meet that demand. We currently have four major LNG projects in progress. By 2030, we expect to have doubled our global LNG supply portfolio, compared to 2020. #LNG #EnergyTransition #EnergySecurity