Exxon Mobil working on gas-powered plant “If the United States follows a similar data center growth trajectory as Ireland, a path setter whose data centers are projected to cons

Exxon Mobil Corporation (NYSE:XOM) unveiled its Corporate Plan to 2030, targeting an additional $20 billion in earnings and $30 billion in cash flow over the next six years. The 2030 goals include increasing Pioneer acquisition synergies by 50% to over $3 billion annually,

Exxon Mobil on Wednesday said its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030 as it looks to boost its oil and gas output by 18%.

Exxon Mobil plans to invest heavily into several big projects over the next six years, even as some other oil companies are growing more cautious, the company said at an investor day on Wednesday. All that investment comes at a time when most analysts expect oil prices to fall next year because of a glut—which may be why Exxon stock was down 0.

Key Takeaways ExxonMobil plans to spend $27 billion to $29 billion in 2025 and another $28 billion to $33 billion every year from 2026 through 2030 to boost its oil and gas output.The company said it is taking advantage of the benefits from its nearly $60 billion acquisition of Pioneer Natural Resources this year.