ExxonMobil To Spend Billions More Through 2030 on Boosting Oil, Gas Production

Key TakeawaysExxonMobil plans to spend $27 billion to $29 billion in 2025 and another $28 billion to $33 billion every year from 2026 through 2030 to boost its oil and gas output.The company said it is taking advantage of the benefits from its nearly $60 billion acquisition of Pioneer Natural Resources this year.ExxonMobil anticipates its plan will create $20 billion in incremental profit growth and $30 billion in cash flow. ExxonMobil is doubling down on its commitment to pumping more oil and gas, announci ...