ExxonMobil projects its annual earnings will grow by $25 billion and cash flow by $35 billion from 2024 through 2030, without the need for significant spending increases, as it leverages technology to maximize cost-efficiencies across key assets including Guyana, the Permian Basin, and liquefied natural gas sites. The company expects the return on currently deployed capital to reach 17% by 2030, with cumulative surplus cash flow of roughly $145 billion through 2030. In the Permian Basin, Exxon is using technology to more effectively keep well fractures open, potentially adding billions to an 18-billion-barrel resource. The company remains the second-largest dividend payer in the S&P 500, with 43 consecutive years of payout increases.
Exxon Mobil CorpExxonMobil forecasts $25B earnings growth by 2030 using technology to maximize cost-efficiencies
NVIDIA Corporation