ExxonMobil plans more than 100 billion dollars in capital spending through 2030
ExxonMobil Chief Executive Darren Woods announced capital investment plans exceeding 100 billion dollars through 2030 following strong quarterly financial results.
FTMQ Climate, written by our newsroom0 views
ExxonMobil Holdings Corporation plans to invest more than 100 billion dollars over the next few years to boost global energy supplies, Rigzone News and Bloomberg reported. Chief Executive Officer Darren Woods announced the capital expenditure plans during an interview with CNBC after the company posted strong quarterly financial results. [1][2]
During the interview, Woods urged potential critics to keep the broader context in mind. Rigzone News reported that his comments aimed to address potential scrutiny regarding large profits during a period of geopolitical conflict and record earnings. [1]
Woods offered the remarks after a CNBC anchor asked how United States President Donald Trump and other officials might react to the company's substantial profit taking. [1]
ExxonMobil Holdings Corporation is an American multinational oil and gas producer headquartered in Spring, Texas. The company formed in 1999 through the merger of Exxon and Mobil and stands as the largest investor-owned oil firm in the world. [4]
In short
- ExxonMobil plans to spend over $100 billion in capex through 2030.
- CEO Darren Woods announced the spending plan on CNBC following blockbuster quarterly results.
- ExxonMobil is the largest investor-owned oil company in the world.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Exxon Plans $100B in Capex Through 2030, CEO Tells CNBCRigzone News, 4d ago (the report this story comes from)
- [2]Exxon Plans $100 Billion in Capex Through 2030, CEO Tells CNBCBloomberg.com, 4d ago
Background
- [3]Jensen Huang on Wikipedia
- [4]ExxonMobil on Wikipedia
- [5]Capex Corporation on Wikipedia
Our newsroom writes these reports with the help of software, from the 5 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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