Exxon Mobil Expands Stock Buyback to $50 Billion in New Corporate Plan

Barrons2022-12-08

Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions.Exxon said Thursday that the plan should double earnings and cash ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AcidIce
2022-12-09
AcidIce
What a load of rubbish! If they're going to throw in so much firing power to buy their own stocks back up what's going to stop them from using more oil?!
SiaoTaBo
2022-12-08
SiaoTaBo
Ok
- Dollarvan:
  K

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1141346337?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-08 21:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1141346337","market":"us","top_or_hot":-1,"title":"Exxon Mobil Expands Stock Buyback to $50 Billion in New Corporate Plan","media":"Barrons","content":"<div>\n<p>Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions.Exxon said Thursday that the plan should double earnings and cash ...</p>\n\n<a href=\"https://www.barrons.com/articles/exxon-mobil-stock-buyback-51670504609#:~:text=Exxon%20Mobil%20unveiled%20a%20new,%2Dof%2Dsupply%20projects.%E2%80%9D\">Source Link</a>\n\n</div>\n","source":"lsy1601382232898","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon Mobil Expands Stock Buyback to $50 Billion in New Corporate Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon Mobil Expands Stock Buyback to $50 Billion in New Corporate Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-08 21:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/exxon-mobil-stock-buyback-51670504609#:~:text=Exxon%20Mobil%20unveiled%20a%20new,%2Dof%2Dsupply%20projects.%E2%80%9D><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions.Exxon said Thursday that the plan should double earnings and cash ...</p>\n\n<a href=\"https://www.barrons.com/articles/exxon-mobil-stock-buyback-51670504609#:~:text=Exxon%20Mobil%20unveiled%20a%20new,%2Dof%2Dsupply%20projects.%E2%80%9D\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XOM","symbol_name":"埃克森美孚","start_time":0,"source_url":"https://www.barrons.com/articles/exxon-mobil-stock-buyback-51670504609#:~:text=Exxon%20Mobil%20unveiled%20a%20new,%2Dof%2Dsupply%20projects.%E2%80%9D","article_id":"1141346337","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141346337","pubTimestamp":1670505392,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and r","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XOM":"埃克森美孚"},"translate_title":"埃克森美孚在新的公司计划中将股票回购扩大到500亿美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XOM":0.9},"content_text":"Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions.Exxon said Thursday that the plan should double earnings and cash flow potential by 2027 versus 2019 as a result of \"high-return, low-cost-of-supply projects.\"The company also said that by 2027, \"upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million oil-equivalent barrels per day.\" with more than 50% of the total to come from the U.S. Permian Basin, Guyana, Brazil, and liquefied natural gas projects the company is investing in.Exxon said its near-term investments are projected to keep production at around 3.7 million barrels of oil equivalent per day in 2023, assuming a $60 per barrel Brent price. Investments in 2023 are expected to be in the range of $23 billion to $25 billion.The company is also expanding its share-repurchase program to $50 billion through 2024, from $30 billion.\"We view our success as an 'and' equation, one in which we can produce the energy and products society needs -- and -- be a leader in reducing greenhouse gas emissions from our own operations and also those from other companies,\" Darren Woods, chief executive officer, said in a news release.The company also said that it has allocated around $17 billion on lower-emission initiatives through 2027, and much of that money will go toward building a \"lower-emissions business with customers to reduce their greenhouse gas emissions.\"","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9920565894,"gmtCreate":1670519055718,"gmtModify":1676538385302,"author":{"id":"3569382039983887","authorId":"3569382039983887","name":"AcidIce","avatar":"https://static.tigerbbs.com/25a5edd325094826cf6e8822874786ab","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3569382039983887","authorIdStr":"3569382039983887"},"htmlText":"What a load of rubbish! If they're going to throw in so much firing power to buy their own stocks back up what's going to stop them from using more oil?!","listText":"What a load of rubbish! If they're going to throw in so much firing power to buy their own stocks back up what's going to stop them from using more oil?!","text":"What a load of rubbish! If they're going to throw in so much firing power to buy their own stocks back up what's going to stop them from using more oil?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920565894","repostId":1141346337,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920262623,"gmtCreate":1670505800863,"gmtModify":1676538381762,"author":{"id":"4112702858603782","authorId":"4112702858603782","name":"SiaoTaBo","avatar":"https://community-static.tradeup.com/news/2365c7f1ff2ad6032cbb2098349630d7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4112702858603782","authorIdStr":"4112702858603782"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920262623","repostId":1141346337,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105123936,"gmtCreate":1670510257772,"gmtModify":1670510270697,"authorId":3555014251535651,"author":{"id":3555014251535651,"idStr":"3555014251535651","authorId":3555014251535651,"name":"Dollarvan","avatar":"https://static.tigerbbs.com/0316ab12b442ee2cd79936de06de5089","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.46%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9920262623,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1141346337"}