ExxonMobil Outlines Progress on Long-Term Growth Strategy
ExxonMobil’s long-term growth plans are reportedly rooted in the company’s efforts to meet the world’s increasing demand for reliable and affordable energy while reducing emissions and risks associated with climate change.
ExxonMobil recently announced that it continues to make progress on the its long-term growth plans by investing through the commodity price cycle to capture high-value opportunities and grow earnings and cash flow potential. “We are effectively executing our growth strategy that will lead to sustained improvement in shareholder value,” said Darren W. Woods, ExxonMobil chairman and CEO, at the company’s annual investor day at the New York Stock Exchange.
“Using the strength of our balance sheet to invest through the cycle is a key element of our strategy,” Woods said. “We are taking advantage of a favorable cost environment and investing in advantaged projects – underpinned by the long-term fundamentals of growing demand. The strength of our portfolio and our financial capacity enable us to continuously evaluate our priorities and the pace of investments while preserving value, which is critical in current market conditions and near decade-low commodity prices and margins.”