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Pioneer Natural Resources Company (PXD)
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- Zacks
Reasons to Retain ExxonMobil (XOM) in Your Portfolio Now
: Favorable oil price is a boon for ExxonMobil's (XOM) upstream operations.
- Motley Fool
ExxonMobil Has the Fuel to Potentially Produce Phenomenal Total Returns Through 2027
ExxonMobil (NYSE: XOM) is working on a bold plan to double its earnings by 2027. The oil giant began working on that strategy in 2019. While it faced a notable speed bump the following year when oil prices crashed during the early days of the pandemic, it's well on its way to delivering on its plan.
- Financial Times
ExxonMobil aims for higher oil production with capital spending boost
ExxonMobil plans to drive up capital spending over the next four years, increasing oil and gas production and raising outlays for its low-carbon energy division after a period of self-imposed austerity following a 2020 commodity price crash. The largest US oil company by sales said it expected annual capital and exploration expenditure of $23bn-$25bn in 2024, rising to $22bn-$27bn from 2025 to 2027. Exxon is in the process of closing a $60bn deal for Pioneer Natural Resources, the biggest producer in the Permian.
