Exxon to Boost Share Buybacks to $20 Billion Next Year ...Middle East

ExxonMobil plans to accelerate the pace of its share repurchases to $20 billion annually in 2024 as it raises production and generates higher cash flows and earnings, the U.S. supermajor said in a corporate plan update on Wednesday.   Since 2019, ExxonMobil has added about $10 billion to its annual earnings and cash flow at a real Brent price of $60 per barrel, the company said in the update following the announced acquisition of Pioneer.   “These improvements provide a strong foundation to further grow annual earnings and…

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