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Cost Savings and Production Growth Strengthen ExxonMobil Outlook

Exxon Mobil logoExxon Mobil
Sig1.55Sen+4.20Env-3.60Soc0.00Gov0.00

ExxonMobil says its advantaged upstream assets and cost efficiency support ongoing growth in earnings and cash flow. The firm plans production expansion using new technology and extended-reach Permian Basin development to improve recovery and capital efficiency. Structural cost savings have reached $16.3B since 2019, with targets for $25B earnings and $35B cash-flow growth from 2024-2030.

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