ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday.

The US petroleum company expects to spend about $20 billion in low-emission investments between 2025 and 2030, according to its annual corporate plan.

The equivalent forecast last December estimated $30 billion in spending over the same period.

Investments in low-carbon solutions "will continue to be contingent on the development of supportive policy and broader market formation, balancing risks and opportunities to ensure strong returns and delivery of shareholder value," the company said in a press release.

Under either investment scenario, the low-carbon ventures represent a small percentage in the company's overall capital b

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