Exxon Mobil boosts stock buybacks and plans to double cash flow by 2027 - MarketWatch

Exxon Mobil Corp. XOM, -0.22% said Thursday it will buy back up to $50 billion in stock through 2024, including $15 billion in 2022. Exxon also plans to increase lower-emission efforts by 15% to roughly $17 billion through 2027. The oil major will keep capital expenditures flat at $20 billion to $25 billion through 2027. Overall, Exxon expects to double "potential" earnings and cash flow by 2027. Shares of Exxon Mobil rose 1.1% in premarket trades. The stock is up 69.4% so far in 2022, compared to a 7.5% drop by the Dow Jones Industrial Average DJIA, +0.00%.

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2022-12-08 11:44:00Z
CBMidGh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9leHhvbi1tb2JpbC1ib29zdHMtc3RvY2stYnV5YmFja3MtYW5kLXBsYW5zLXRvLWRvdWJsZS1jYXNoLWZsb3ctYnktMjAyNy0yMDIyLTEyLTA40gF4aHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL2FtcC9zdG9yeS9leHhvbi1tb2JpbC1ib29zdHMtc3RvY2stYnV5YmFja3MtYW5kLXBsYW5zLXRvLWRvdWJsZS1jYXNoLWZsb3ctYnktMjAyNy0yMDIyLTEyLTA4

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