17.12.2024 10:27:00

ExxonMobil Could Produce $165 Billion in Surplus Cash After Paying Dividends Through 2030

ExxonMobil (NYSE: XOM) has become a cash-gushing machine in recent years. The oil giant delivered industry-leading cash flow from operations of $17.6 million during the third quarter. It used that money to invest in growing its business while returning a substantial amount to shareholders. The oil company could produce an even bigger cash flow gusher in the coming years. Here's a look at its plan to make a boatload of cash over the next few years.ExxonMobil recently revealed its 2030 plan. That strategy would see the company deliver an incremental $20 billion in annual earnings and $30 billion in cash flow by 2030. That implies compound annual growth rates of 10% for its earnings and 8% for its cash flow. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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