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ExxonMobil outlines plans to grow long-term shareholder value in lower carbon future

ExxonMobil Lays Out to Plan Cut Debt, Grow Dividend

Exxon Mobil  ( XOM) - Get Report on Wednesday laid out plans through 2025 to boost earnings and cash flow, grow its dividend, fund projects and slash debt, as the oil company giant works to reassure investors following a year in which it experienced its first-ever loss as a public company.  Shares of the Irving, Tex. company were up 0.68% at $56.45 in pre-market trading. In a statement released ahead of an investor day, Chairman and CEO Darren Woods said the company expects the investments to generate returns north of 30%. The company noted that future spending plans take into account potential market volatility as the economy recovers from the pandemic.

ExxonMobil curbs spending plans, reveals path to lower-carbon future

ExxonMobil s CCS push [NGW Magazine]

ExxonMobil’s CCS push [NGW Magazine] Feb 22, 2021 7:15:am Summary ExxonMobil has launched a new low-carbon business that will initially focus on carbon capture and storage – an industry that is gaining momentum but has hurdles to overcome. [NGW Magazine Volume 6, Issue 4] by: Anna Kachkova Posted in: ExxonMobil’s CCS push [NGW Magazine] Oil and gas giant ExxonMobil has taken a step forward with regard to the energy transition, announcing on February 1 that it was launching a new low-carbon business. The business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage (CCS). The news marks a shift in the US generally where companies have been slower to adapt their businesses to the new pressures. Indeed, French major Total quit the American Petroleum Institute owing to the rift in policy objectives.

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