Energy giant ExxonMobil Corporation (NYSE: XOM) has raised its earnings and cash flow outlook through fiscal 2030, to reflect stronger contributions from advantaged assets, a more profitable business mix, and lower operating costs.
By 2030, the company now expects $25 billion in earnings growth and $35 billion in cash flow growth vs. 2024The earnings and cash flow growth plan has been raised by $5 billion at constant prices and margins, compared to the earlier planIt also lifted the cumulative structural cost savings plan by $2 billion, now $20 billion vs. 2019The management expects to achieve all 2030 corporate GHG emissions intensity targets in 2026Earnings growth is projected to average 13% per year through 2030, with double-digit cash flow growthOver the next five years, ExxonMobil expects to generate around $145 billion in cumulative surplus cash flow, at $65 real Brent
