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Exxon Mobil (XOM) Raises its 2030 Corporate Plan Outlook

Exxon Mobil Corporation (NYSE:XOM) is included among the 12 Best Crude Oil Stocks to Buy for Dividends.

Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.

Exxon Mobil Corporation (NYSE:XOM) received a boost on December 9 when the company announced that it is raising its earnings growth forecast to $25 billion and cash flow growth to $35 billion during the 2024-30 period. The outlook represents a $5 billion increase from its previous plan, despite no growth in capital spending.

As part of its updated corporate plan, Exxon Mobil Corporation (NYSE:XOM) is targeting to increase its total upstream production to 5.5 million oil-equivalent barrels per day (boepd) by 2030, up from a previous forecast of 5.4 million boepd. As a result, the company expects its earnings from the upstream business to grow by more than $14 billion through the end of the decade from 2024.

Exxon Mobil Corporation (NYSE:XOM) also increased its cumulative structural cost savings plan by $2 billion, with an aim to achieve $20 billion in reductions by 2030, compared to 2019. The company expects to generate roughly $145 billion in cumulative surplus cash flow over the next five years (at $65 real Brent), allowing it to grow its shareholder returns and maintain its status as the second-largest dividend payer in the S&P 500. Moreover, Exxon remains on track to repurchase $20 billion of its shares this year, with plans to maintain that pace also through 2026.

While we acknowledge the potential of XOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XOM and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 11 Best Utility Stocks to Invest in According to Hedge Funds.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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