Exxon Mobil announced its expectation for annual project spending to range between $28 billion and $33 billion from 2026 through 2030. This long-term capital expenditure forecast is bolstered by the recent acquisition of Pioneer Natural Resources.
This disciplined investment plan is focused on competitively advantaged, high-return projects, particularly in core Upstream growth areas like the Permian and Guyana, and high-value Product Solutions. A portion of this capital is also allocated to lower-emission investments.
The sustained high level of capital spending underscores ExxonMobil's commitment to delivering significant earnings and cash flow growth by 2030. This financial commitment is crucial for expanding its resource base and diversifying its business for future energy markets.
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