Friday, December 19, 2025 | 06:01 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Exxon sees earnings doubling by 2025 at current oil prices

Image

Reuters NEW YORK

NEW YORK (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Wednesday it expects its earnings to more than double by 2025 to $31 billion with crude prices at or above current levels.

The company said exploration projects in Guyana and the Permian Basin as well as refining and chemical plant expansions, should help boost earnings. The company reported an adjusted profit of $15 billion in 2017.

Exxon has come under increasing pressure from Wall Street analysts in recent years to boost returns, which have lagged its four largest publicly traded peers.

(Reporting by Ernest Scheyder; Editing by Jeffrey Benkoe)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 07 2018 | 6:46 PM IST

Explore News