ExxonMobil invests $100 billion to boost energy production.
The investment will increase output of oil, natural gas, LNG, diesel, and gasoline to power homes, businesses, and communities.
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Integrated oil, gas, and petrochemicals company
exxonmobil.comLast updated
In short: ExxonMobil achieved record Permian production and $14.5 billion in Q2 earnings while facing political scrutiny over high gasoline prices.
The investment will increase output of oil, natural gas, LNG, diesel, and gasoline to power homes, businesses, and communities.
Adjusted earnings of $14.7 billion, record Permian production, and $16.3B in cumulative structural savings.
Shareholders approved at annual meeting; shares will continue trading as XOM with no action required.
It upgrades carbon feedstocks into graphite offering 30% faster charging, up to 4x longer life, and 30% more capacity. ExxonMobil expands production for U.S. supply chain.
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