ExxonMobil Announces Corporate Plan

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 ExxonMobil Announces Corporate Plan
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Dec 8 (Reuters) - Exxon Mobil Corp:


* EXXONMOBIL ANNOUNCES CORPORATE PLAN

* EXXONMOBIL - EXPECTS TO DOUBLE EARNINGS AND CASH FLOW POTENTIAL BY 2027, INCREASES INVESTMENTS IN LOWER-EMISSIONS EFFORTS

* EXXONMOBIL - ANNUAL CAPITAL INVESTMENTS REMAIN AT $20-$25 BILLION THROUGH 2027

* EXXONMOBIL - APPROXIMATELY $17 BILLION FOR LOWER-EMISSION INITIATIVES THROUGH 2027; AN INCREASE OF NEARLY 15%

* EXXONMOBIL - SHARE-REPURCHASE PROGRAM EXPANDED UP TO $50 BILLION THROUGH 2024, INCLUDING $15 BILLION IN 2022

* EXXONMOBIL - EARNINGS AND CASH FLOW GROWTH EXPECTED TO DOUBLE BY 2027, COMPARED TO 2019

* EXXONMOBIL - INVESTMENTS IN 2023 ARE EXPECTED TO BE IN RANGE OF $23 BILLION TO $25 BILLION TO HELP INCREASE SUPPLY TO MEET GLOBAL DEMAND

* EXXONMOBIL - CORPORATE PLAN THROUGH 2027 MAINTAINS ANNUAL CAPITAL EXPENDITURES AT $20-$25 BILLION

* EXXONMOBIL - REMAINS ON TRACK TO DELIVER A TOTAL OF APPROXIMATELY $9 BILLION IN STRUCTURAL COST REDUCTIONS BY YEAR-END 2023 VERSUS 2019

* EXXONMOBIL - CORPORATE PLAN THROUGH 2027 INCLUDES GROWING LOWER-EMISSIONS INVESTMENTS TO APPROXIMATELY $17 BILLION

* EXXONMOBIL - EXXONMOBIL PRODUCT SOLUTIONS EXPECTS TO NEARLY TRIPLE EARNINGS BY 2027 VERSUS 2019

* EXXONMOBIL - UPSTREAM EARNINGS POTENTIAL EXPECTED TO DOUBLE BY 2027 VERSUS 2019, RESULTING FROM INVESTMENTS IN HIGH-RETURN, LOW-COST-OF-SUPPLY PROJECTS

* EXXONMOBIL - BY 2027, UPSTREAM PRODUCTION IS EXPECTED TO GROW BY 500,000 OIL-EQUIVALENT BARRELS PER DAY TO 4.2 MILLION OIL-EQUIVALENT BARRELS PER DAY

* EXXONMOBIL - NEAR-TERM UPSTREAM INVESTMENTS ARE PROJECTED TO KEEP PRODUCTION AT APPROXIMATELY 3.7 MILLION BARRELS OF OIL EQUIVALENT PER DAY IN 2023

* EXXONMOBIL - BY YEAR-END 2022, EXPECTS TO DISTRIBUTE ABOUT $30 BILLION TO SHAREHOLDERS, INCLUDING $15 BILLION IN DIVIDENDS AND $15 BILLION IN SHARE REPURCHASES

* EXXONMOBIL - IN PERMIAN, IS ON TRACK WITH ITS GOAL TO REACH NET-ZERO SCOPE 1 AND 2 EMISSIONS FROM ITS OPERATED UNCONVENTIONAL ASSETS BY 2030

* EXXONMOBIL - 2030 EMISSION-REDUCTION PLANS ARE ON TRACK TO ACHIEVE A 40-50% REDUCTION IN UPSTREAM GREENHOUSE GAS INTENSITY, COMPARED TO 2016 LEVELS Source text for Eikon: Further company coverage:

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