These Companies Are Racing to Capture This Multitrillion-Dollar Opportunity
Carbon dioxide emissions are a significant contributor to climate change. That's leading the world to find ways to reduce emissions in hopes of preventing the worst impacts of climate change. While much of the focus has been on the shift toward cleaner energy sources like renewables, emission reduction initiatives will likely play a crucial role in addressing the problem.
Carbon capture and storage (CCS) could become an important piece of the puzzle. Many energy companies believe the technology represents a $3 trillion to $5 trillion future market opportunity. Because of that, several industry players are racing to become early leaders in the space.
ExxonMobil (NYSE: XOM), EnLink Midstream (NYSE: ENLC), and Occidental Petroleum (NYSE: OXY) are emerging as early leaders in the carbon capture sector. Here's a look at their strategies for capturing this potentially multitrillion-dollar market opportunity.
Source Fool.com
Occidental Petroleum Corp. Stock
With 15 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 70 € there is a positive potential of 25.54% for Occidental Petroleum Corp. compared to the current price of 55.76 €.
