Exxon Mobil Corp on Wednesday unveiled plans to grow dividends and curb spending with projections that were muted from previous years after the top US oil and gas producer posted a historic annual loss for 2020.
It expects output to remain flat at around 3.7 million barrels of oil and gas per day through mid-decade as it focuses on boosting cash flow instead. Woods pitched the company's new Low Carbon Solutions Business, where he sees near-term opportunities in carbon capture and storage and carbon offsets.Oil and gas production spending will focus on Guyana, Brazil and the Permian Basin, where lower shale aspirations appear to be the reason for the company's flat production outlook, said Biraj Borkhataria, analyst with RBC Capital Markets.
Exxon has drawn the ire of activist investors focused on climate, but since December the company has said it would reduce oilfield emissions and improve climate disclosures. It has not set a company-wide emissions target. A coalition of investors that oversees US$2.5 trillion in assets on Wednesday said the energy giant had taken “initial steps in the right direction” but more work lays ahead.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Customisable sweaters to pyjama suits, 'hybrid apparels' a big WFH fashion trendForget Zoom calls in your underwear, as the fashion world is working on stylish and comfortable alternatives to traditional work clothes.
Source: staronline - 🏆 4. / 75 Read more »
Sources: Alibaba freezes executive pay amid China’s curbs on big tech | Malay MailBEIJING, April 30 — Chinese e-commerce giant Alibaba Group Holding has frozen pay for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workforce amid a regulatory clampdown. Hundreds of top-tier executives at Alibaba...
Source: malaymail - 🏆 1. / 86 Read more »
After 100 days, Kamala Harris is a big reason for Biden’s successAs a child of immigrants, as well as the first woman, first Black person and first South Asian person to hold the job, the California Democrat has turned out to be the right politician, in the right position, at the right tumultuous time in America's history.
Source: staronline - 🏆 4. / 75 Read more »
Everton missed big opportunity in race for Europe, says AncelottiHe says his team did not start the game against Villa 'as well as this kind of game demands'. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »
GE15 will see 3 big coalitions fight it out, says DAP | New Straits TimesBATU PAHAT: The 15th General Election (GE15) is expected to see the clash of three major political coalitions in the country, namely Barisan Nasional (BN), Pakatan Harapan (PH) and Perikatan Nasional (PN) to form the next government, said Johor DAP chairman Liew Chin Tong.
Source: NST_Online - 🏆 17. / 53 Read more »