XOM lifts Permian growth with new proppant tech and fresh Midland acreage as it works toward 2.3M barrels a day by 2030.
XOM lifts its 2030 outlook with higher earnings, stronger cash flow and rising upstream output achieved without extra spending.
ExxonMobil's record Permian and Guyana output, reinforced by new Midland acreage, signals strong long-term upstream momentum.
The Trump White House made news this week with the publication of a revised National Security Strategy plan which elevates oil, natural gas, coal, and nuclear as key drivers of U.S. national security. A section titled “Energy Dominance” says a renewed focus on America's abundance of those key traditional forms of energy "will produce well-paying jobs in the United States, reduce costs for American consumers and businesses, fuel reindustrialization, and help maintain our advantage in cutting-edge technologies such as AI.
Exxon Mobil Corporation (XOM) Discusses Corporate Plan Transformation, Enhanced Earnings and Cash Flow Targets, and Emissions Reduction Progress Transcript
Exxon Mobil Corp (NYSE:XOM, XETRA:XONA) raised its expectations for future earnings and cash flow, citing growth in key assets in the Permian Basin, Guyana, and liquefied natural gas (LNG), along with additional cost savings. The energy giant updated its corporate plan through 2030, projecting $25 billion in earnings growth and $35 billion in cash flow growth versus 2024 on a constant price and margin basis.
The company expects $25 billion in earnings growth and $35 billion in cash flow growth through the end of the decade, driven by improvements from its multiyear transformation.
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Exxon Mobil (NYSE: XOM) pays an annual dividend of $3.96 per share, yielding 3.38%.
XOM's rising dividends and robust buybacks spotlight its long-term cash-flow strength as production growth and cost cuts support sustained returns.
XOM's strong balance sheet and low debt load highlight its resilience amid volatile energy markets and support its long-term strategy.
Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil's majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told Reuters.