XOM - Exxon Mobil's Big Bet: $20B Annual Buybacks Doubling Upstream Earnings By 2027 Amid Pioneer Merger Scrutiny | Benzinga
Exxon Mobil Corporation (NYSE: XOM) said it expects oil and gas production in 2024 to be about 3.8 million oil-equivalent barrels per day.
The company projects production to rise to about 4.2 million oil-equivalent barrels per day by 2027, driven by growth in the Permian and Guyana.
Since 2019, the solid execution of strategy has increased the earnings power of the corporation, adding about $10 billion to its annual earnings and cash flow at a real Brent price of $60 per barrel, ExxonMobil said.
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These improvements provide a strong foundation to grow annual earnings and cash flow by $14 billion from year-end ...