Insight
Strategy update: ExxonMobil's 2021 corporate plan update
Report summary
New emissions reduction targets and a doubling in earnings and cash flow to 2027 were highlights in ExxonMobil’s corporate plan update. Management placed a big emphasis on the flexibility to adjust the framework to market volatility or changes in the pace of the energy transition. The Supermajor extended its annual investment guidance of US$20 billion to US$25 billion out to 2027. Low carbon spend will hit US$1.8 billion in 2023, rising to US$2.7 billion in 2025 and US$3.3 billion in 2027. The plan also included new emissions reduction and financial guidance. We take an in-depth look at the new emissions reduction and financial targets.
Table of contents
- The facts
-
Our take
- New 2030 emissions targets
- Rising shareholder distributions will be key to the investor proposition
Tables and charts
This report includes 2 images and tables including:
- Highlights from ExxonMobil's Corporate Plan Update
- Wood Mackenzie’s base case outlook for ExxonMobil’s oil and gas production
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
Pemex financial health: reasoning and impact on recent hydrocarbon duty government aid
Fiscal reductions have alleviated some Pemex financial struggles, but further action is required to return to self-sufficiency
$1,350
Asset Report
Orlen onshore fields
Orlen is the largest oil and gas producer in Poland after its takeover of both PGNiG and Grupa LOTOS in 2022. It operates an extensive ...
$3,100