Exxon sees 'promising' future for lithium in Arkansas, CEO says

30th October 2023 By: Bloomberg

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

But CEO 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.

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