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Exxon Sees ‘Promising’ Future for Lithium in Arkansas, CEO Says

2023-10-27 13:25
Exxon Mobil Corp. has never talked specifically about its lithium plans, because they’re still in very early stages.
Exxon Sees ‘Promising’ Future for Lithium in Arkansas, CEO Says

Exxon Mobil Corp. has never talked specifically about its lithium plans, because they’re still in very early stages.

But Chief Executive Officer Darren Woods is now sharing a few early details, after analysts raised the question during a conference call Friday to discuss the company’s third-quarter results.

Read More: Exxon in Talks With Tesla, Ford, VW on Supplying Lithium

The opportunity to produce lithium in the Smackover Range, in Arkansas, is looking “more and more promising,” Woods said.