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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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Suncor to increase oil and gas output by up to five per cent in 2025

Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands assets.

·Canada
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Bloomberg broke the news in United States on Wednesday, December 11, 2024.
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