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Strategy update: ExxonMobil's 2021 corporate plan update

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03 December 2021

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
    • 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:

  • Document

    Strategy update: ExxonMobil's 2021 corporate plan update

    PDF 952.29 KB