The production facility aims to produce up to 1 billion cubic feet per day of low-carbon hydrogen, with around 98 per cent of carbon dioxide removed
The project, which was expected to start processing natural gas this year, has not updated its completion schedule
The combined companies expect to generate about $1bn in cost synergies within a year of its closing
The deal combines the largest US oil company with one of the most successful names to emerge from the shale revolution
The deal puts focus on the Permian and signals Exxon is sticking to its fundamental business