Exxon Mobil Expands Stock Buyback to $50 Billion in New Corporate Plan
Yahoo! Finance
Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. The company also said that 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.” Exxon said its near-term investments are projected to keep production at around 3.7 million barrels of oil equivalent per day in 2023, assuming a $60 per barrel Brent price.
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