BRIEF-Exxonmobil Says On Track To More Than Double Upstream Earnings By 2027

Reuters04-26

April 26 (Reuters) - Exxon Mobil Corp :

* EXXONMOBIL - ON TRACK TO MORE THAN DOUBLE UPSTREAM EARNINGS BY 2027 WITH INDUSTRY-LEADING INVESTMENTS

* EXXONMOBIL - Q2 UPSTREAM SEASONAL SCHEDULED MAINTENANCE TO LOWER NET VOLUMES BY 40 KOEBD

* EXXONMOBIL - CONTINUING TO DRIVE STRUCTURAL COST EFFICIENCIES; ON TRACK TO ACHIEVE INCREMENTAL ABOUT $5 BILLION BY 2027 VERSUS 2023

* EXXONMOBIL - PROGRESSING PLANS TO DELIVER FURTHER EARNINGS GROWTH; CAGR OF >10% FROM 2023 THROUGH 2027

* EXXONMOBIL - Q2 CORPORATE AND FINANCING EXPENSES EXPECTED TO BE $300-$500 MILLION IN CORPORATE

* EXXONMOBIL - SEES LOWER SCHEDULED MAINTENANCE IN PRODUCT SOLUTIONS IN Q2 VERSUS Q1

* EXXONMOBIL - SEES Q2 UNFAVORABLE WORKING CAPITAL IMPACT OF ABOUT $3 BILLION DRIVEN BY SEASONAL CASH TAX PAYMENTS IN CORPORATE

* EXXONMOBIL - WITHIN PRODUCT SOLUTIONS, EXPECT TO START UP MULTIPLE STRATEGIC PROJECTS BETWEEN NOW AND THE END OF 2025

* EXXONMOBIL - EXPLORING OPPORTUNITIES IN MATERIALS MADE FROM CARBON

* EXXONMOBIL - EXPECT UNIT PROFITABILITY TO INCREASE TO $13 PER OIL EQUIVALENT BARREL BY 2027 FOR UPSTREAM

* EXXONMOBIL - UNIT EARNINGS FROM ADVANTAGED ASSETS IN UPSTREAM SEEN TO BE $9 PER BARREL HIGHER THAN BASE PORTFOLIO BY 2027, AT CONSTANT PRICES

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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