Exxon Mobil boosts share buybacks as it aims for higher production - MarketWatch

Exxon Mobil Corp. XOM, -1.94% said Wednesday it’s boosting its share repurchases to $20 billion per year from the time it closes its Pioneer Natural Resources Co. PXD, -1.98% acquisition in the first half of next year through 2025, up from $17.5 billion in 2023. The oil major said its oil-equivalent production is expected to increase to 4.2 million barrels a day by 2027 from 3.8 million oil-equivalent barrels per day in 2024, with growth in the Permian and Guyana. Exxon said it’s also “pursuing more than $20 billion of lower-emissions opportunities through 2027, which represents the third increase in the last three years, from an initial $3 billion in projects identified in early 2021.” The oil major is also targeting $6 billion in structural cost reductions by the end of 2027. Including these latest cost savings, Exxon Mobil said it has reduced expenses by $15 billion versus 2019. Exxon Mobil’s stock was up by 0.5% in premarket trading on Wednesday.

Adblock test (Why?)

https://news.google.com/rss/articles/CBMibWh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9leHhvbi1tb2JpbC1ib29zdHMtc2hhcmUtYnV5YmFja3MtYXMtaXQtYWltcy1mb3ItaGlnaGVyLXByb2R1Y3Rpb24tYmY5NjhlNjfSAXFodHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vYW1wL3N0b3J5L2V4eG9uLW1vYmlsLWJvb3N0cy1zaGFyZS1idXliYWNrcy1hcy1pdC1haW1zLWZvci1oaWdoZXItcHJvZHVjdGlvbi1iZjk2OGU2Nw?oc=5

2023-12-06 11:48:00Z
CBMibWh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9leHhvbi1tb2JpbC1ib29zdHMtc2hhcmUtYnV5YmFja3MtYXMtaXQtYWltcy1mb3ItaGlnaGVyLXByb2R1Y3Rpb24tYmY5NjhlNjfSAXFodHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vYW1wL3N0b3J5L2V4eG9uLW1vYmlsLWJvb3N0cy1zaGFyZS1idXliYWNrcy1hcy1pdC1haW1zLWZvci1oaWdoZXItcHJvZHVjdGlvbi1iZjk2OGU2Nw

Bagikan Berita Ini