Insight
Strategy Update: ExxonMobil’s 2020 Investor Day
Report summary
ExxonMobil stuck with its counter-cyclical investment messaging in its 2020 Investor Day. Management laid out the case for industry investment being insufficient to meet robust demand growth and offset depletion. ExxonMobil is focusing a peer-leading investment programme on advantaged projects aimed at driving earnings, cash flow and returns growth. It’s a strategy that could deliver surging cash flow post-2025 if the company’s analysis of the fundamentals plays out. But it’s an increasingly difficult sell in today’s climate.
Table of contents
- Overview
- Our take
-
Financial framework unchanged
- Permian tight oil cube development strategy delivering
- No production update at Guyana
- Downstream earnings potential underlined
- Chemicals' financial performance under scrutiny
- R&D a core focus area for emissions reduction
Tables and charts
This report includes 6 images and tables including:
- Wood Mackenzie's production outlook for ExxonMobil
- Evolution of ExxonMobil’s reported ROACE
What's included
This report contains:
Other reports you may be interested in
Insight
Strategy Update: ExxonMobil's 2023 Corporate Plan Update
ExxonMobil’s Corporate Plan Update was an opportunity to take stock. The main message was that the strategy is on track.
$1,350
Insight
Strategy update: Repsol's Strategic Update (2024 to 2027)
Repsol prioritises shareholder distributions in its Strategic Update for the next four years
$1,350
Asset Report
Imperial Oil British Columbia
Imperial Oil is an affiliate of ExxonMobil, which owns 69.6% of the company's shares. This analysis examines Imperial Oil's ...
$3,100