ExxonMobil: business plan to 2030
(CercleFinance.com) - In its business plan to 2030 presented today, ExxonMobil says it expects to generate additional growth potential of $20bn in earnings and $30bn in cash flow.
The oil and gas group expects to achieve an additional $7bn in structural cost savings, and increases average annual synergies expected from the Pioneer acquisition by more than 50% to over $3bn.
In addition, ExxonMobil will invest $27bn to $29bn in 2025, rising to $28bn to $33bn p.a. over 2026-2030, to create attractive long-term opportunities, with reinvestment rates rising from 50% to 40% over the plan period.
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The oil and gas group expects to achieve an additional $7bn in structural cost savings, and increases average annual synergies expected from the Pioneer acquisition by more than 50% to over $3bn.
In addition, ExxonMobil will invest $27bn to $29bn in 2025, rising to $28bn to $33bn p.a. over 2026-2030, to create attractive long-term opportunities, with reinvestment rates rising from 50% to 40% over the plan period.
Copyright (c) 2024 CercleFinance.com. All rights reserved.