May 22, 2024

Green diversification: US oil giant invests in lithium

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December 3, 2023 at 9:21 am

The largest oil company in the United States may have asked itself where to go with all its oil revenues. The answer is: diversification. Exxon is now planning major investments in extracting the most important “green” battery minerals. The announcement of its lithium division comes at a very interesting time.

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Oil giant Exxon wants to extract lithium

Oil giant ExxonMobil wants to start extracting lithium on a large scale. (Photo: German News Agency)

Photo: Lucas Aguayo Aros

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