ExxonMobil's 2030 Corporate Plan

ExxonMobil (NYSE:XOM), one of the largest publicly traded international oil and gas companies, has unveiled an ambitious corporate plan extending to 2030, which includes significant investment and production targets.

Key Financial Objectives

• Capital Expenditures: Increase to $27-$29 billion in 2025 and $28-$33 billion annually from 2026 to 2030.
• Cash Flow and Earnings: Expected growth of $30 billion in cash flow and $20 billion in earnings through disciplined cost and capital management.
• Shareholder Returns: Plans for a 4 cent per share increase in quarterly dividends and a $20 billion annual share repurchase in both 2025 and 2026,
  assuming favorable market conditions.

Production Goals

• Upstream Production: Targeting 5.4 million oil-equivalent barrels per day by 2030, with 60% from advantaged assets.
• Permian Basin Expansion: Production in the Permian Basin is expected to double to 2.3 million oil-equivalent barrels per day by 2030.
• Growth in LNG Sales: Expectations to exceed 40 million metric tons per annum of LNG sales by 2030, supported by ongoing projects in Guyana.

Product Solutions Strategy

• High-Value Product Sales: Aiming for 80% increase in sales versus 2024, contributing over 40% of the 2030 earnings potential.
• Advanced Materials: Investing in advanced materials like Proxxima™ and expanding into the battery anode market with a new high-performance coke product.
• Project Startup: Six advantaged projects scheduled for startup in 2025, projecting an additional $8 billion in earnings potential by 2030.

Low Carbon Initiatives

• Investment in Low Emissions: Targeting up to $30 billion in low emission investment opportunities from 2025 to 2030, focusing on carbon capture and storage as well as hydrogen and lithium.
• Baytown Facility: Expected to become the world’s largest low-carbon hydrogen plant, potentially operational by 2029.

ExxonMobil aims to balance high returns with reducing emissions and enhancing shareholder value through robust investment strategies and innovative projects.

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