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ExxonMobil's Trading Volume Ranks 45th Amid Strategic Oil Reserve Exchange and Carbon Capture Initiative
Generated by AI AgentAinvest Volume Radar
Monday, Jul 14, 2025 6:35 pm ET1min read
On July 14, 2025, ExxonMobil (XOM) experienced a decline of 1.31%, with a trading volume of 15.05 billion, ranking 45th in the day's stock market activity.
The U.S. Department of Energy has authorized an exchange from the Strategic Petroleum Reserve with ExxonMobil to address logistical challenges impacting crude oil deliveries to the company's Baton Rouge refinery. This action is aimed at maintaining a stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast.
Additionally, ExxonMobil is involved in a carbon capture and sequestration project with
Holdings, Inc. This initiative will enable the transportation and permanent geological sequestration of up to 2 million metric tons of CO2 annually, demonstrating the company's commitment to environmental sustainability and innovation in the energy sector.
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