Exxon Mobil’s Stock Rises 50% on $37B Returns and CCS Expansion
Exxon Mobil shares have climbed 50% from May 2025 to mid-February 2026 despite a revenue decline, propelled by higher production, disciplined expense management and a $37 billion shareholder return program. The company commissioned its second fully operational Louisiana CCS site at the NG3 gas project and plans two more projects by end-2026 to store CO2 underground.
1. Strong Share Performance and Returns
Exxon Mobil’s shares have climbed 50% from late May 2025 to mid-February 2026 despite a revenue decline, driven by rising oil and gas production and disciplined expense management. The company returned $37 billion to shareholders through dividends and buybacks, reinforcing investor confidence in its long-term growth potential.
2. Expansion of Carbon Capture Footprint
The company recently began capturing CO2 from its NG3 natural gas project in Louisiana, marking its second fully operational CCS site in the state after the CF Industries Donaldsonville Complex. Two additional CCS projects are under development and are expected to be operational by end-2026, further expanding Exxon Mobil’s low-carbon capabilities.