What Energy Transition? ExxonMobil Plans 18% Production Boost By 2030
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ExxonMobil plans to increase its oil production by 18% by 2030, investing $28-$33 billion annually. A significant portion will focus on oil and gas, but up to $30 billion will be allocated to low emissions projects.
December 11, 2024 | 4:00 pm
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ExxonMobil plans to increase oil production by 18% by 2030, with significant investments in both traditional oil and gas and low emissions projects.
ExxonMobil's announcement to boost oil production by 18% and invest heavily in both traditional and low emissions projects suggests a strong commitment to growth and adaptation to energy transition trends. This could positively impact XOM's stock as it indicates potential revenue growth and strategic positioning in the evolving energy market.
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