Exxon Is Boosting Its Green Credentials [MarketWatch]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: MarketWatch
giant. “We've got new people that come from a different background and so explore issues in a different way,” CEO Darren Woods tells Barron's . “Figuring out how to set the business up to meet long-term goals has always been a rich area of conversation.” Exxon has already aired some of these initiatives, including a plan for $20 billion to $25 billion a year in capital expenses through 2027—much leaner than Exxon's prior $30 billion to $35 billion plan. Exxon says more than 90% of its investments will generate returns greater than 10%, even if oil prices dip below $35 a barrel. Plus, the company expects to reduce greenhouse-gas emissions intensity in its upstream, or production, division by 40% to 50% by 2030 from 2016 levels. “Intensity” refers to the amount of gases per barrel of oil produced, not the absolute level. Path Dependent Exxon said reductions in emission intensity—the amount of gases per barrel of oil produced—would put it just within the Paris pathway by 2030. Exxo
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XOM
Earnings
- 2/2/24 - Miss
XOM
Sec Filings
- 4/22/24 - Form PX14A6G
- 4/18/24 - Form PX14A6G
- 4/11/24 - Form DEFA14A
- XOM's page on the SEC website