Trending: Exxon's 5-Year Plan Boosts Spending in Lower-Emission Initiatives
December 08 2022 - 2:40PM
Dow Jones News
14:10 ET -- Exxon Mobil Corp. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The energy giant unveiled its corporate
plan for the next five years, which includes boosting investments
in lower-emission initiatives to around $17 billion, and doubling
earnings by 2027, compared with 2019. Exxon is keeping its annual
capital expenditures at $20 billion to $25 billion, with $17
billion going to emission reductions and third-party lower-emission
initiatives through 2027, marking an increase of nearly 15% of such
investments. The company's plan also includes increasing its stock
buybacks and reducing greenhouse-gas emissions. Dow Jones & Co.
owns Factiva. (susan.solan@wsj.com)
(END) Dow Jones Newswires
December 08, 2022 14:25 ET (19:25 GMT)
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