Wirth disclosed no specifics for this plan for now. But interestingly, Exxon Mobil Corp. CEO Darren Woods likewise mentioned in July that the Texas-based multinational oil company is also exploring lithium production – despite its anti-EV rhetoric displayed in a recent TV ad.
Over the other side of the Atlantic, European oil companies aren’t even considering lithium. Instead, they focus on transitional energy sources like wind and solar power.
Chevron, in turn, has previously declared that significant wind and solar projects don’t benefit the company. These offer low investment returns, and competition in these areas is too high. Instead, they are focusing on carbon capture, hydrogen fuel, and, more recently, lithium.