The road to Exxon's long-awaited stock buybacks is paved with billions in asset sales
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Summary
That plan called for doubling earnings in Exxon's chemicals and refining segments and tripling profit in its business producing oil and gas by 2025.By spending another $4 billion between 2019-2025, Exxon believes it can improve net present value by $40 billion, drum up $9 billion of extra earnings and $24 billion of added cash flow during the period."The projects that we put into the portfolio have very good returns, are accretive and are advantaged versus the rest of the competition," Woods said."What we've found over time as we're talking to investors is they like the plan."PlayingShare this video...Watch Next...Got a confidential news tip?
As said here by Tom DiChristopher