Exxon to boost oil production despite global slowdown
- ExxonMobil plans to increase oil production to 5.4 million barrels per day by 2030, despite a global oil market slowdown, according to the company.
- Exxon will spend $27-29 billion in cash in 2025, maintaining its spending from this year, as reported by Darren Woods.
- The company aims to improve production costs after acquiring Pioneer Natural Resources for $60 billion, Woods stated.
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Total News Sources0
Leaning Left6Leaning Right9Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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