Exxon Mobil Corporation (XOM)

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Exxon Mobil Expects Earnings and Cash Flow to Grow
By: MarketBeat | January 13, 2023

• Exxon Mobil (NYSE: XOM) published its 5-year plan this week amid its stock price making a gain of 4.47%.

The company revealed important changes to its capital structure, an expansion of environmental and social governance (ESG) policies, and a focus on growing its corporate earnings.

There's a lot to cover here, so let's cover the highlights from the report.

What did the report say?

Exxon Mobil intends to double its earnings and free cash flow growth by 2027, compared to the figures it released in 2019. This plan may help restore some faith it lost near the start of last year, as it missed its earnings per share (EPS) prediction by 18 cents in Q1'22.

The company's plan for how to get there is centered around a mix of cost-cutting and making high-yield, short-horizon investments.

$9 billion in cost reductions are expected to be made by the end of this year. Investing in profitable upstream initiatives will quadruple its liquified natural gas (LNG) output. The investments are anticipated to grow its LNG production from 500,000 oil equivalent barrels per day to 4.2 million by 2027...

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