Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes
The oil giant plans to increase its annual share repurchase program to $20 billion in 2024 through 2025 after the Pioneer deal, up from $17.5 billion in 2023.
Reports & sources
NBC Los Angeles
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes (opens NBC Los Angeles)NBC Los Angeles's feed description
Oil Price
Exxon to Boost Share Buybacks to $20 Billion Next Year (opens Oil Price)Oil Price's feed description
Bloomberg
Exxon Boosts Share Buybacks as Hunt for More Oil Accelerates (opens Bloomberg)Bloomberg's feed description