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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Exxon Mobil Corp | NYSE:XOM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.40 | -0.34% | 117.27 | 117.79 | 116.08 | 117.67 | 4,947,816 | 15:55:23 |
From May 2019 to May 2024
By Josh Beckerman
Exxon Mobil Corp. (XOM) reiterated its goal to increase annual "earnings potential" by more than 140% by 2025, compared with 2017 adjusted earnings, assuming a 2017 oil price of $60 a barrel adjusted for inflation and based on 2017 margins.
Under those conditions, it expects to double potential annual cash flow from operations.
Exxon said shareholders voted in the company's favor at its annual meeting on matters including board nominees and stockholder proposals. The New York State Common Retirement Fund and the Church Commissioners for England had said they would withhold support for Exxon's nominees.
Exxon also reaffirmed a March goal of reaching Permian Basin production of more than 1 million oil-equivalent barrels per day by 2024.
The company said it continues to work on technology like biofuels and carbon capture to "provide reliable, affordable and lower-emission energy."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 29, 2019 14:13 ET (18:13 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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