In its business plan to 2030 presented today, ExxonMobil says it expects to generate additional growth potential of $20 billion in earnings and $30 billion in cash flow.

The oil and gas group expects to achieve an additional $7 billion in structural cost savings, and increases average annual synergies expected from the Pioneer acquisition by more than 50% to over $3 billion.

In addition, ExxonMobil will invest $27 to $29 billion in 2025, rising to $28 to $33 billion per year in 2026-2030 to create attractive long-term opportunities, with reinvestment rates rising from 50% to 40% over the plan period.

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