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This High-Yield Dividend Stock Is Tapping Into a More Than $3 Trillion Opportunity

Matthew DiLallo, The Motley Fool
·4 min read
In this article:
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  • ENLC
  • OXY

Oil giants ExxonMobil (NYSE: XOM) and Occidental Petroleum (NYSE: OXY) believe carbon capture and storage (CCS) could be a massive global market opportunity in the coming decades. Exxon estimates it will be a $4 trillion market by 2050, while Occidental foresees a $3 trillion to $5 trillion global industry. Because of that, these energy giants believe they could one day earn as much money capturing and storing carbon dioxide as they make from producing oil and gas.

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