- ExxonMobil plans $25B earnings and $35B cash flow growth by 2030.
- No increase in capital spending is expected to achieve these targets.
- Return on capital employed is projected to exceed 17% by 2030.
- Emission-reduction targets for GHG and flaring intensity are already met.
Financial Projections
ExxonMobil has updated its Corporate Plan through 2030, projecting $25 billion in earnings growth and $35 billion in cash flow growth from 2024 to 2030. These improvements are achieved without increasing capital spending, highlighting the company's disciplined capital allocation and execution excellence. Earnings growth is expected to average 13% per year, with double-digit cash flow growth driven by ongoing share repurchases.
Capital and Returns
The company anticipates generating approximately $145 billion in cumulative surplus cash flow over the next five years at $65 real Brent. Return on capital employed is projected to exceed 17% by 2030. ExxonMobil remains a leading dividend payer in the S&P 500, having increased its annual dividend per share for 43 consecutive years. The company plans to repurchase $20 billion of its shares this year, maintaining this pace through 2026, assuming reasonable market conditions.
Emission Reduction Achievements
ExxonMobil has surpassed its 2030 emission-reduction plans across its portfolio. The company has already achieved its targets for reducing greenhouse gas and flaring intensity and expects to meet its planned 2030 methane intensity reductions by next year.
