ExxonMobil raises its 2030 Plan – transformation delivering higher earnings, stronger cash flow, and greater returns

SPRING, Texas – December 9, 2025 – ExxonMobil today updated its Corporate Plan through 2030. The Plan’s increased earnings and cash flow outlook reflects stronger contributions from advantaged assets, a more profitable business mix, and lower operating costs; all driven by the company’s unique set of durable competitive advantages and its successful multi-year transformation.

“Several years ago, when we began to transform this company, we did so with one objective: to fully unlock our competitive advantages. Today, our transformation is driving industry-leading results,” said Darren Woods, ExxonMobil chairman and CEO. “With our updated Plan, we’re extending that leadership position. By 2030, we now expect $25 billion in earnings growth and $35 billion in cash flow growth vs. 2024 on the same constant price and margin basis.¹ We expect to do it with no increase in capital, while generating a return on capital employed of more than 17%. We’re also beating our 2030 emission-reduction plans across the portfolio. We’ve already achieved our plans for reducing GHG and flaring intensity and expect to reach our planned 2030 methane intensity reductions next year.

“As I’ve said many times, ExxonMobil is not defined by our products but by our capabilities. Our transformation helps ensure that in any future market environment, and for decades to come, ExxonMobil will have an important role and deliver substantial shareholder value.”

Financial strength

• 2030 Plan raised to $25 billion earnings growth at constant prices and margins and $35 billion cash flow growth at constant prices and margins vs. 2024¹
•  Cumulative surplus cash flow of roughly $145 billion through 2030²

ExxonMobil raised its outlook to $25 billion in earnings growth and $35 billion in cash flow growth from 2024 to 2030, a $5 billion improvement in both metrics vs. the prior plan.¹ Importantly, these gains come with no increase in capital spending, underscoring ExxonMobil’s execution excellence and disciplined capital allocation. Earnings growth is projected to average 13% per year through 2030, with double-digit cash flow growth, and even higher per-share growth, driven by ongoing share repurchases.

Over the next five years, the company expects to generate roughly $145 billion in cumulative surplus cash flow at $65 real Brent, with return on capital employed now reaching over 17% in 2030.² Currently the second largest dividend payer in the S&P 500, ExxonMobil has increased its annual dividend per share for 43 consecutive years – a distinction achieved by less than 5% of S&P 500 companies. The company remains on track to repurchase $20 billion of its shares this year, with plans to maintain that pace through 2026, assuming reasonable market conditions.