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Story summary
- Exxon Mobil announced on December 9, 2025, a revised earnings growth target of $25 billion and cash flow growth of $35 billion from 2024 to 2030, a $5 billion increase from prior projections.
- The company plans to maintain annual spending between $28 billion and $33 billion while expecting upstream production to reach 5.5 million barrels of oil equivalent per day by 2030.
- Exxon also increased its cost savings plan by $2 billion, targeting $20 billion in reductions by 2030, leading to a 3.4% rise in shares.
