ExxonMobil Has the Fuel to Potentially Produce Phenomenal Total Returns Through 2027
ExxonMobil (NYSE: XOM) is working on a bold plan to double its earnings by 2027. The oil giant began working on that strategy in 2019. While it faced a notable speed bump the following year when oil prices crashed during the early days of the pandemic, it's well on its way to delivering on its plan. That could give the energy giant the fuel to produce significant total returns over the coming years.
Here's a closer look at ExxonMobil's corporate plan to grow value for its investors.
Exxon recently provided investors with an updated look at its current corporate plan through 2027. The oil giant reiterated that its strategy would more than double its earnings potential from its 2019 baseline by 2027, assuming oil averages $60 per barrel. That's a very conservative oil price outlook, considering crude is currently near $80 a barrel.
Source Fool.com
