ExxonMobil(US:XOM) Yang Shi Wang·2025-12-29 05:53Core Viewpoint - ExxonMobil has updated its 2030 company plan, raising financial targets and driving strategic transformation to enhance competitiveness and value creation in a changing market environment [1][4]. Financial Goals - The company expects to increase its earnings and cash flow growth targets by $5 billion compared to the original plan, aiming for $25 billion in earnings growth and $35 billion in cash flow growth by 2030 compared to the 2024 plan, with cumulative free cash flow projected at approximately $145 billion [4]. - Structural cost savings targets have been increased by $2 billion, with a cumulative savings goal of $20 billion compared to 2019 [4]. Business Segment Planning - The upstream business is projected to increase total production to 5.5 million barrels of oil equivalent per day by 2030, with earnings expected to grow by over $14 billion compared to 2024, achieving unit earnings of over $15 per barrel, which is three times that of 2019 [4]. - The product solutions segment is focusing on high-value products, with expected earnings growth of over $9 billion by 2030 compared to 2024, with over 40% of this growth coming from high-value products such as new lubricants and carbon materials [4]. Low-Carbon Initiatives - Low-carbon solutions are a key focus of the company's strategic transformation, with signed contracts for annual CO2 processing of approximately 9 million tons. The first CCS project has commenced operations this year, with subsequent projects planned to start in 2026 [5]. - The company plans to invest about $20 billion in low-carbon reduction initiatives between 2025 and 2030, with approximately 60% allocated for emissions reduction for third-party clients [5]. Sustainability Goals - ExxonMobil aims to achieve its greenhouse gas emissions intensity target by 2026, ahead of schedule. The company will continue to promote sustainable growth through new projects and expanding its low-carbon business portfolio, including hydrogen and lithium resources [6].