ExxonMobil has updated its roadmap to 2030 with a strong promise: to increase earnings by $25 billion and generate cash growth of $35 billion, all without increasing capital spending. This improvement is supported by strategic assets, operating efficiencies and disciplined execution.
ExxonMobil’s profitability plans
The plan calls for a return on capital employed of more than 17%, with average annual earnings growth of 13%. In addition, it estimates that surplus cash flow will reach $145 billion in five years, strengthening its position as one of the largest dividend generators in the S&P 500 index.
The strategy for the Upstream projects a volume of 5.5 million barrels of oil equivalent per day in 2030. Sixty-five percent of this volume will come from assets considered advantageous, including the Permian Basin, Guyana and liquefied natural gas projects.
Thanks to proprietary technologies and synergies following the acquisition of Pioneer, the company expects to double production in the Permian Basin to 2.5 million barrels of oil equivalent per day. It also estimates a $5 billion increase in earnings over the previous plan.
In the Product Solutions section, ExxonMobil projects more than US$9 billion in new revenues by 2030. Of this total, some $4 billion will come from projects with competitive advantages, most of which are already in operation.
The firm expects that more than 40% of the profits in this segment will come from differentiated products such as Proxxima systems and carbon materials, which are positioning themselves in high-margin markets.
Environmental commitment is also a central part of the plan. The company says it will meet the emissions intensity targets originally set for 2030 by 2026. It also plans to lead the implementation of carbon capture and storage(CCS) technologies, with contracts to handle 9 million tons of CO₂ annually.
It is also developing low-emission data centers powered by its capture systems and plans to invest $20 billion in low-carbon initiatives between 2025 and 2030.
Beyond 2030, ExxonMobil projects sustained growth through new businesses such as lithium, hydrogen and technologies focused on efficiency and emissions reduction. The goal is to reach $13 billion in new revenues by 2040 in these emerging sectors.
Source and photo: ExxonMobil