By year-end 2022, ExxonMobil expects to distribute approximately $30 billion to shareholders, including $15 billion in dividends and $15 billion in share repurchases. It also recently increased its annual dividend payment for the 40th consecutive year. The company announced an expansion of its $30 billion share-repurchase program, which is now up to $50 billion through 2024. Increased cash flow and earnings enable further net debt reduction and increased shareholder distributions.
#Cashflow technologies mailing address upgrade#
The company continues to leverage its industry-leading manufacturing scale, integration, and technology position to upgrade its portfolio and reduce costs. These growth plans are focused on high-return projects that are anticipated to double volumes of performance chemicals, lower-emission fuels, and high-value lubricants. Near-term Upstream investments are projected to keep production at approximately 3.7 million barrels of oil equivalent per day in 2023 assuming a $60 per barrel Brent price, offsetting the impact of strategic portfolio divestments and the expropriation of Sakhalin-1 in Russia.ĮxxonMobil Product Solutions expects to nearly triple earnings by 2027 versus 2019. Approximately 90% of Upstream investments that bring on new oil and flowing gas production are expected to have returns greater than 10% at prices less than or equal to $35 per barrel, while also reducing Upstream operated greenhouse gas emissions intensity by 40-50% through 2030, compared to 2016 levels. By 2027, Upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million oil-equivalent barrels per day with more than 50% of the total to come from these key growth areas. Permian Basin, Guyana, Brazil, and LNG projects around the world.
More than 70% of capital investments will be deployed in strategic developments in the U.S.
Upstream earnings potential is expected to double by 2027 versus 2019, resulting from investments in high-return, low-cost-of-supply projects. The company also remains on track to deliver a total of approximately $9 billion in structural cost reductions by year-end 2023 versus 2019. Investments in 2023 are expected to be in the range of $23 billion to $25 billion to help increase supply to meet global demand. The corporate plan we’re laying out today reflects that view, and the results we’ve seen to date demonstrate that we’re on the right course.” Corporate plan calls for strong growth from high-return projects “We view our success as an ‘and’ equation, one in which we can produce the energy and products society needs – and – be a leader in reducing greenhouse gas emissions from our own operations and also those from other companies. “Our five-year plan is expected to drive leading business outcomes and is a continuation of the path that has delivered industry-leading results in 2022,” said Darren Woods, chairman and chief executive officer. The plan is expected to double earnings and cash flow potential by 2027 versus 2019 and supports the company’s strategic priorities, which include leading the industry in safety, shareholder returns, earnings and cash flow growth cost and capital efficiency and reductions in greenhouse gas emissions intensity.
0 kommentar(er)
