Exxon Mobil Corporation (XOM) Targets 13% Earnings Growth Through 2030

Exxon Mobil Corporation (NYSE:XOM) ranks among the 14 safe stocks to buy now for a starter stock portfolio.

Exxon Mobil Corporation (XOM) Targets 13% Earnings Growth Through 2030

Exxon Mobil Corporation (NYSE:XOM) presented its financial outlook at the Morgan Stanley Energy & Power Conference 2026 on March 3, revealing objectives for long-term growth. The company expects a 13% compound annual growth rate in earnings through 2030, with approximately $25 billion in earnings growth and $35 billion in increased operating cash flow over the period.

Exxon Mobil Corporation (NYSE:XOM) indicated that it is geared towards high-return assets such as the Permian Basin and Guyana, where output is expected to increase substantially, with Permian output rising from 1.2 million to 2.5 million barrels per day by 2030.

The company also stated that its financial goals include $20 billion in share buybacks in 2026, sustained dividend growth, and ongoing expense cuts aimed at achieving $20 billion in strategic savings by 2030.

Exxon Mobil Corporation (NYSE:XOM) is an integrated energy company that explores for, produces, and refines oil and natural gas, and operates a large chemical business.

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