ExxonMobil has unveiled a bold agenda to drive earnings growth while investing in decarbonization. By 2030, the company targets an additional $20 billion in earnings and $30 billion in cash flow, supported by $30 billion in lower-emissions investments.

The U.S. energy giant plans to increase upstream production from assets in the Permian Basin, Guyana, and LNG projects, boosting total output to 5.4 million barrels of oil equivalent per day by decade’s end. With eight developments in Guyana and four LNG projects underway, ExxonMobil expects to strengthen its global energy footprint, including 40 million metric tons per annum of LNG sales by 2030.

Decarbonization efforts focus on carbon capture, hydrogen, and lithium, with a $30 billion commitment to low-emission technologies. ExxonMobil aims to cut emissions intensity significantly by 2030, advancing toward net-zero scope 1 and 2 emissions by 2050. CEO Darren Woods emphasizes the firm’s dual focus on profitable growth and addressing global energy challenges.