3-7-18 8:51 AM EST | Email Article
   By Cara Lombardo 

Exxon Mobil Corp. (XOM) expects its earnings and cash flow from operations to approximately double by 2025, Chief Executive Darren Woods told analysts at a meeting in New York Wednesday.

"Our existing business and plans for growth are robust to a wide range of price environments, allowing us to maintain a growing dividend and a strong balance sheet while returning excess cash to our shareholders," Mr. Woods said in prepared remarks.

The plan projects double-digit rates of return in Exxon Mobil's upstream, downstream and chemical businesses.

In upstream, the company plans to make low-cost-of-supply investments in tight oil, liquefied natural gas and deepwater and increase production from 4 million oil-equivalent barrels per day to about 5 million.

Exxon shares, down 7.7% over the past year, slid about 1% premarket Wednesday.


Write to Cara Lombardo at cara.lombardo@wsj.com


(END) Dow Jones Newswires

March 07, 2018 08:51 ET (13:51 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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