Exxon completes construction on pilot plant in hopes of lowering cost of direct air capture

Spring-based Exxon Mobil Corp. (NYSE: XOM) has completed construction on a pilot plant to lower the cost of direct air capture. CEO Darren Woods called direct air capture the “holy grail in addressing emissions” but said the technology is still in the very early stages. Here’s what else Exxon officials said on the company’s Q4 2023 earnings call.