ExxonMobil Sees FY24 Capex At $28B
Portfolio Pulse from Benzinga Newsdesk
ExxonMobil has announced its FY24 capital and exploration expenditures to be approximately $28 billion, which includes $25 billion for ExxonMobil and $3 billion for 8 months of Pioneer.
August 02, 2024 | 10:32 am
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ExxonMobil has announced its FY24 capital and exploration expenditures to be approximately $28 billion, which includes $25 billion for ExxonMobil and $3 billion for 8 months of Pioneer.
The announcement of a $28 billion capital and exploration expenditure for FY24, which includes $3 billion for 8 months of Pioneer, indicates a significant investment in growth and exploration. This is likely to be viewed positively by investors as it shows the company's commitment to expanding its operations and potentially increasing future revenues.
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