Overview
- Guidance now calls for an additional $25 billion in earnings and $35 billion in cash flow by 2030 versus 2024, a $5 billion increase over last year’s outlook.
- Planned investment in low‑carbon initiatives will be reduced by about one‑third under the updated plan.
- Upstream production is targeted at roughly 5.5 million barrels of oil equivalent per day in 2030, with about 65% from the Permian Basin, Guyana and LNG.
- Exxon says it can deliver the growth with no additional capital employed and expects about a 17% return on invested capital using a $65 oil price assumption.
- The company projects doubled cost synergies from the Pioneer acquisition and highlighted a 43‑year dividend increase streak as shares climbed as much as 4.2% intraday.