Exxon Is Slashing Low-Carbon Spending — And Quietly Betting On A Fossil-Fuel Supercycle

Exxon Mobil Corp's (NYSE:XOM) updated 2030 Plan reads like a subtle but unmistakable pivot: less capital headed toward low-carbon experiments, more firepower behind the assets that print money today. Track XOM stock here.The company now expects $25 billion in earnings growth and $35 billion in cash flow growth versus 2024 — a $5 billion bump from its prior plan — and claims it can deliver it all without increasing capital spending. That combination of higher output, lower costs, and flat capex is exactly th ...