Where Will ExxonMobil Be in 5 Years?
ExxonMobil (NYSE: XOM) has a bold view of its future. The energy giant wants to deliver an incremental $20 billion of earnings and $30 billion of cash flow by 2030. That plan would see it widen its already sizable lead over other oil companies.
Here's a closer look at where ExxonMobil wants to be in five years and how it plans to get there.
ExxonMobil is taking a two-pronged approach to achieve its ambitious earnings growth plan. A core aspect of its strategy will be to invest heavily into organically growing its business. It expects its capital-spending budget will be in the range of $27 billion to $29 billion this year and $28 billion to $33 billion annually in the 2026 to 2030 time frame.
Source Fool.com
