ExxonMobil (XOM) to Prioritize Capital Investments on High-Value Assets

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Go back to ExxonMobil (XOM) to Prioritize Capital Investments on High-Value Assets

ExxonMobil to Prioritize Capital Investments on High-Value Assets

November 30, 2020 4:45 PM EST

Capital and exploration investments of $16-$19 billion in 2021; $20 billion to $25 billion annually to 2025 Near-term investment priorities: Guyana, Permian, Brazil, Chemicals performance products Certain dry gas assets removed from development plan; after-tax impairment of $17 billion to $20 billion Commitment to cost reduction, reliable dividend remains unchanged

IRVING, Texas--(BUSINESS WIRE)-- ExxonMobil has completed a review of its forward business plans and will prioritize near-term capital spending on advantaged assets with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow... More