Exxon Mobil is in advanced talks with artificial-intelligence developers to provide natural gas-powered electricity combined with carbon capture and sequestration to AI data centers, Chief Executive Darren Woods says.

During a call Friday to discuss the company's third-quarter financial results, Woods said there is a lot of interest in CCS particularly for use with fuel used to generate power for AI data centers. Exxon has engaged in discussions to work with tech companies and power providers to provide that.

Tech companies, he said, are interested in using natural gas "to power stations and then capturing the carbon and the emissions on the back end of that."

Woods added that Exxon can reduce carbon emissions from the power-intensive data centers by more than 90% and has the know-how and technology to capture, transport and store carbon.

Exxon on Friday announced its eighth CCS contract with AtmosClear to transport and permanently store carbon dioxide from the company's greenfield bio-power plant in Louisiana. It added that it is under contract to provide CCS services to more than 10 customers.

Woods said that while he is optimistic about the data center opportunity, he acknowledged that it is still too "early in the game" to know how many of the contracts will translate into actual CCS business for Exxon.

He also said Exxon's newest supercomputer Discovery 6, one of the top 20 most powerful ones in the world, was brought online during 3Q in its Houston headquarters in partnership with Hewlett Packard Enterprise and NVIDIA.

The supercomputer accelerates Exxon's ability to review and act on exploration data and the company can now complete those tasks in a week instead of months, potentially allowing the company to locate new exploration opportunities, Woods said.

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-- Reporting by Frank Tang, ftang@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com

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October 31, 2025 16:51 ET (20:51 GMT)

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