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XOM
Barrons
195 days

Exxon Enters the Electricity Business, Takes a Swipe at Nuclear - Barron's

1. Exxon plans to enter electricity markets with natural-gas power plants. 2. Natural gas plants aim to compete with carbon-free nuclear power. 3. Exxon possesses the largest carbon pipeline network, enhancing its competitiveness. 4. Nuclear plants take longer to build compared to natural-gas facilities. 5. Carbon capture technology could give Exxon a financial edge over competitors.

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FAQ

Why Bullish?

Exxon's diversification into electricity can attract new revenue streams, similar to TotalEnergies.

How important is it?

The strategic shift towards low-carbon power markets could significantly influence XOM's future profitability.

Why Long Term?

The long-term nature of energy infrastructure development suggests sustained benefits for XOM.

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