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ExxonMobil Corporate Plan More Than Doubles Earnings Potential From 2019 to 2027

07.12.2023 15:48
ExxonMobil Corporate Plan More Than Doubles Earnings Potential From 2019 to 2027; 18% Compound Annual Earnings Growth Significantly Outpaces Peers

On track to deliver ~$14 billion of further earnings and cash flow growth potential over the next four years

  • Expecting capital investments to generate average returns of ~30%, with payback periods less than 10 years for greater than 90% of the capex2
  • Pursuing more than $20 billion in lower emissions opportunities, up $3 billion
  • Generated $9 billion in structural cost savings with $6 billion more expected by 2027
  • Increasing pace of share repurchases to $20 billion per year from the Pioneer close through 2025, assuming reasonable market conditions

Full press release


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