Exxon Mobil boosts share buybacks as it aims for higher production

Published: Dec. 6, 2023, 6:48 a.m. ET. Share. Resize. Exxon Mobil Corp. XOM said Wednesday it’s boosting its share repurchases to $20 billion per year from the time it closes its Pioneer …

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Exxon Mobil Boosts Share Buybacks As It Aims For Higher Production

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Published: Dec. 6, 2023, 6:48 a.m. ET. Share. Resize. Exxon Mobil Corp. XOM said Wednesday it’s boosting its share repurchases to $20 billion per year from the time it closes its Pioneer …

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Exxon Boosts Buybacks 14% As Hunt For More Oil Accelerates

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Dec 6, 2023 · Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in the US Permian Basin, boosted by its $60 billion acquisition of Pioneer …

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ExxonMobil Raises Share Buybacks 14% With Plans To ... - World Oil

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Dec 6, 2023 · (Bloomberg) – Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in the U.S. Permian basin, boosted by its $60 billion …

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Exxon To Boost Share Buybacks To $20 Billion Next Year

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Dec 6, 2023 · ExxonMobil plans to accelerate the pace of its share repurchases to $20 billion annually in 2024 as it raises production and generates higher cash flows and earnings, the …

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Exxon Plans To Raise Spending In 2023, Boost Share Buybacks

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Dec 8 (Reuters) - Exxon Mobil Corp (XOM.N) on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share buybacks. Exxon …

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Exxon Boosts Share Buybacks As Hunt For More Oil Accelerates

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Dec 6, 2023 · Exxon Mobil Corp. plans to raise share buybacks as the oil giant accelerates crude production in the US Permian Basin, boosted by its $60 billion acquisition of Pioneer Natural …

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ExxonMobil Aims For Higher Oil Production With Capital Spending …

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Dec 6, 2023 · Remove from myFT. ExxonMobil aims for higher oil production with capital spending boost. Supermajor targets annual project investment of $22bn-$27bn through 2027 …

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Exxon Mobil Boosts Share Buyback Target To $50 Billion By 2024

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Dec 8, 2022 · Exxon Mobil is raising its annual share buyback by about 10%, six weeks after the Irving-based oil giant posted its highest profit in its 152-year history. Exxon will now …

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Exxon Plans To Raise Spending In 2023, Boost Share Buybacks

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Dec 8, 2022 · Advertisement. (Reuters) -Exxon Mobil Corp on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share …

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Exxon To Boost Stock Buyback Program To $20B/year, Sees $23B …

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Exxon Mobil (NYSE:XOM) +0.6% pre-market Wednesday after saying it plans to raise its share repurchases to $20B/year starting at the time it closes its Pioneer Natural Resources …

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Exxon Delivers $9.2 Billion Second-quarter Profit, Raises Output Target

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Aug 2, 2024 · The results also showed higher cash flow from operations which will help fund higher share buybacks and dividends. Cash flow from operations climbed to $10.5 billion, from …

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Exxon Mobil Boosts Share Buybacks As It Aims For Higher Production

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Dec 6, 2023 · Exxon Mobil Corp. XOM, -2.07% said Wednesday it will increase its share buybacks to $20 billion a year once it c. acquisition in the first half of next year through 2025, …

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Exxon Mobil Forecasts Increases In Project Spending, Oil Output

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Dec 6, 2023 · Share buybacks to hit $20 billion annually. Targeting profit increase of $14 billion through 2027. HOUSTON, Dec 6 (Reuters) - Exxon Mobil (XOM.N) will target annual project …

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FAQs about Exxon Mobil boosts share buybacks as it aims for higher production Coupon?

Will Exxon Mobil raise share buybacks 14%?

Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in the US Permian Basin, boosted by its $60 billion acquisition of Pioneer Natural Resources Co. Exxon will repurchase $20 billion of stock next year, the Spring, Texas-based company said in a statement Wednesday. ...

How much will Exxon Mobil raise capital spending next year?

(Reuters) -Exxon Mobil Corp on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share buybacks. ...

Will Exxon increase its share buybacks in 2025?

Exxon will increase its share buybacks to $20 billion annually through 2025, from $17.5 billion currently, after the Pioneer merger closes, the company said. An ongoing divestment plan for its refining operations also will continue. ...

How did Wall Street react to Exxon's increase in buybacks?

Wall Street on Thursday cheered the increase in buybacks. Exxon shares rose more than 1% even as most other oil stocks fell on weaker oil prices. Exxon is up 65% so far this year. Share buybacks will average $17.5 billion annually for the next two years, from $15 billion this year, the company said. ...

Will Exxon Mobil increase share repurchases?

Exxon Mobil announces plans to increase share repurchases and pursue lower emissions opportunities, aiming for strong growth in earnings and production. ...

Is Exxon stock up 65% this year?

Exxon is up 65% so far this year. Share buybacks will average $17.5 billion annually for the next two years, from $15 billion this year, the company said. Exxon is distributing more cash to shareholders than it is investing in new production - $30 billion between share buybacks and dividends this year. ...