IRVING (dpa-AFX) - Exxon Mobil Corp. (XOM), Tuesday announced the signing of
a memorandum of understanding with battery maker SK On to produce upto 100,000
metric tons of Mobil Lithium in Arkansas.

The lithium produced with the help of Exxon's core capabilities in subsurface
exploration, drilling, and chemical processing, will be utilized by SK On in its
EV battery manufacturing operations in the U.S., the energy and petroleum
company stated.

Dan Ammann, president of ExxonMobil Low Carbon Solutions, commented, 'This
collaboration with SK On demonstrates the leading role we play in the growing
market for domestically sourced lithium, a market that's advancing energy
security and climate objectives, as well as supporting American manufacturing.'

Currently, ExxonMobil's stock is trading at $114.21, up 0.16 percent on the New
York Stock Exchange.



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