ExxonMobil: unveils plans through to 2025

(CercleFinance.com) - ExxonMobil has announced its plans through to 2025 to "increase earnings and cash flow to sustain and grow its dividend, reduce debt and fund advantaged projects, while working to commercialize lower emission technologies".


The energy group plans capex of 16-19 billion dollars in 2021 and 20-25 billion dollars p.a. until 2025 for high-yield, cash-generating projects.

ExxonMobil, which also reduced its cash operating expenses by 15% in 2020, also projects permanent structural savings of 6 billion dollars per year by the end of 2023 relative to 2019.


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