ExxonMobil goes counter-cyclical – will its strategy pay off?
ExxonMobil has unveiled a bold, investment-led strategy that sets it apart from peers. Investment is expected to jump by over 40% in an effort to drive long-term outperformance on key financial metrics. In contrast, competitors are keeping budgets flat and emphasising growing near-term free cash flow. In this webinar, our two senior corporate analysts discuss what this contrarian approach means for ExxonMobil's performance and the wider Majors' peer group. We look at what's driving the investment-led strategy and the impact it will have on financial performance. We also analyse whether the Supermajor is on track to achieve its 5 million boe/d production target in 2025.