Exxon (NYSE:XOM) Increases Size of Wyoming Carbon Capture Plant

Exxon Mobil Corp. (NYSE:XOM) announced they've spend $86 million to expand their Wyoming-based carbon-capture plant.

A carbon capture plant separates natural gas from carbon dioxide during the production process. The money was spent to empower the plant to capture about 365 million cubic feet of carbon dioxide daily.

They completed their expansion efforts o November 30 in their plant located close to LaBarge, Wyoming.

The plant takes the saved carbon dioxide and resells it to oil companies which is then used to increase oil production at aging fields.

Exxon closed Friday at $72.18, up $0.18, or 0.25 percent.