ExxonMobil secured Rose CCS approval: ExxonMobil stock has USD 701.7 billion value

Published on 10/09/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 114.53 billion in the second quarter of 2026, up 44.00 percent. ExxonMobil stock costs EUR 151.36 on October 9, 2026 versus EUR 150.02.

Key points in brief

ExxonMobil secured approval for the Rose carbon capture and storage project in Texas on September 15, 2026.
Rose is designed for 53 million tonnes of carbon dioxide storage over 13 years and requires more than USD 5 billion.
ExxonMobil stock was trading at EUR 151.36 at Lang & Schwarz on October 9, 2026, up 0.89 percent versus EUR 150.02.
Second-quarter 2026 revenue reached USD 114.50 billion, while GAAP earnings were USD 14.50 billion.

ExxonMobil, US30233Q1085, Illustration mit AI erstellt.

ExxonMobil stock was trading at EUR 151.36 at Lang & Schwarz on October 9, 2026, giving the company a USD 701.7 billion market value. The energy group had secured approval for its Rose carbon capture and storage project in Texas on September 15, 2026, according to Oil and Gas Journal.

Rose approval expands carbon strategy

The Railroad Commission of Texas approved the Rose permit by a 2-1 vote on September 15, 2026. The project is designed to store 53 million tonnes of carbon dioxide over a 13-year injection period, with three underground wells and an 18-mile pipeline.

Oil and Gas Journal reported on September 17, 2026 that Rose is part of a wider Gulf Coast network and that ExxonMobil had started carbon capture and storage operations at a Nucor direct reduced iron plant in Louisiana. That project is designed to handle up to 800,000 tonnes of carbon dioxide per year.

What Rose means for ExxonMobil

Rose carries a planned investment of more than USD 5 billion and would connect industrial customers to a planned 900-mile carbon dioxide pipeline network. The scale gives ExxonMobil a way to build a lower-carbon business alongside its traditional oil, gas, refining and chemicals operations, but the project also carries regulatory and safety scrutiny.

Second-quarter earnings set the baseline

ExxonMobil reported USD 114.50 billion of revenue in the second quarter of 2026, up 44.00 percent from the second quarter of 2025, according to Simply Wall St. The company also reported USD 14.50 billion in GAAP earnings, USD 14.70 billion in adjusted earnings and USD 23.60 billion in operating cash flow for that period, according to ExxonMobil.

For the next reporting milestone, ExxonMobil is scheduled to publish third-quarter results on October 30, 2026, according to Yahoo Finance.

ExxonMobil stock holds below its high

At Lang & Schwarz, ExxonMobil stock was trading at EUR 151.36 on October 9, 2026 at 4:12 p.m. CEST, plus 0.89 percent versus the prior close of EUR 150.02 on October 8, 2026. On the NYSE, the stock was last quoted at USD 169.32 at 10:24 a.m. EDT on October 9, 2026, while its 52-week range was USD 110.39 to USD 176.41.

The further course of trading is shown by the continuously updated real-time quote of ExxonMobil stock.