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Energy, Stocks

“Exxon Said It Will Buy Back Even More Stock. Its Stock Is Gaining.”

“Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. The company also said that by 2027 “upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million oil-equivalent barrels per day.” Exxon said its near-term investments are projected to keep production at around 3.7 million barrels of oil equivalent per day in 2023, assuming a $60 per barrel Brent price…”

https://finance.yahoo.com/m/bb5cf5d5-3ff1-3a01-9c60-d9837d5f381a/exxon-said-it-will-buy-back.html

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