Exxon Mobil Ventures into Lithium Production, Launching Mobil Lithium in Southwest Arkansas

Exxon Mobil Corporation has announced its ambition to become a prominent lithium producer, a critical element in electric vehicle (EV) batteries. The company has initiated the first phase of its lithium production project in southwest Arkansas, a region with substantial lithium reserves.

This new venture will be marketed under the name Mobil Lithium, leveraging Mobil’s longstanding and deep technical collaboration with the automotive sector. In early 2023, ExxonMobil secured rights to approximately 120,000 acres in the Smackover formation in southern Arkansas, recognized as one of North America’s most abundant lithium sources. Southwest Arkansas, traditionally known for its oil and natural gas production, boasts a well-understood geological landscape.

ExxonMobil is collaborating with local and state authorities to facilitate the growth of Arkansas’ nascent lithium industry.