Exxon sets 5-year plan to boost oil and gas output by 18%
Exxon Mobil on Wednesday said its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030 as it looks to boost its oil and gas output by 18%.
ExxonMobil plan aims to accelerate oil production, earnings
ExxonMobil on Wednesday (Dec 11) said annual project spending will rise to between US$28 billion and US$33 billion between 2026 and 2030, following the acquisition of US shale producer Pioneer Natural Resources.
Exxon Mobil’s New Plan Goes Bigger in Oil—and Even Data Centers
Exxon Mobil plans to invest heavily into several big projects over the next six years, even as some other oil companies are growing more cautious, the company said at an investor day on Wednesday. All that investment comes at a time when most analysts expect oil prices to fall next year because of a glut—which may be why Exxon stock was down 0.
ExxonMobil To Spend Billions More Through 2030 on Boosting Oil, Gas Production
Key Takeaways ExxonMobil plans to spend $27 billion to $29 billion in 2025 and another $28 billion to $33 billion every year from 2026 through 2030 to boost its oil and gas output.The company said it is taking advantage of the benefits from its nearly $60 billion acquisition of Pioneer Natural Resources this year.
ExxonMobil to increase oil and gas output by 18% by 2030
ExxonMobil has announced plans to increase its oil and gas output by 18% by 2030, with a focus on expanding its operations in the US and Guyana. The plan includes raising annual project spending to between $28bn and $33bn from 2026 to 2030,
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