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flag Exxon Mobil raised 2030 earnings and cash flow forecasts, citing strong asset performance and efficiency, without raising capital spending.

flag Exxon Mobil raised its 2030 financial outlook, projecting $25 billion in earnings growth and $35 billion in cash flow growth—$5 billion more than previously forecast—without increasing capital spending. flag The boost comes from stronger performance in low-cost assets like the Permian Basin and Guyana, improved efficiency, and cost reductions, with upstream production expected to reach 5.5 million barrels of oil equivalent per day by 2030. flag The company also reaffirmed its 2030 emissions intensity targets, now expected to be met by 2026, and plans to generate $145 billion in surplus cash flow over the next five years, supporting dividends and buybacks. flag Shares rose nearly 4% on the news.

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