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ExxonMobil Acquisitions in Brazil and Other Countries Could Lead to 140% Profit by 2025

Written by Paulo Nogueira
Published on 08/03/2019 at 14:29
Updated on 08/03/2019 at 14:33
vagas, emprego, petróleo e gás, exxonMobil
vagas, emprego, petróleo e gás, exxonMobil
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ExxonMobil, The Largest Oil Company in The U.S., Updated Its Growth Plans and Expects Annual Earnings Potential to Increase by Over 140% by 2025 Compared to 2017 Adjusted Earnings, Assuming a Oil Price of $60 Per Barrel and Based on 2017 Margins.

“Given The Success We Experienced Last Year and The Progress We are Making on Our Plans, We Have Even Greater Confidence in Our Ability to Create Value for Our Shareholders”, Said Darren W. Woods, Chairman and CEO of The Company – Investor Day at The New York Stock Exchange.

“We Are Exceeding The Expected Pace of Our Aggressive Growth Strategy That We Defined Last Year”, Said Woods.

The Updated Earnings Projection for ExxonMobil Compares to The Estimated 135% Increase Last Year Between 2017 and 2025, Based on 2017 Adjusted Earnings. The Cumulative Earnings Potential from 2019 to 2025 Increased by About $9 Billion, Supported by New Improvements in The Company’s Investment and Divestment Plans.

ExxonMobil Expects Annual Operating Cash Flow to Reach $60 Billion by 2025, Considering Oil Prices at $60 Per Barrel and 2017 Margins. The Cumulative Cash Flow from Operations and Asset Sales for The Period from 2019 to 2025 is $24 Billion Higher Than Announced at Last Year’s Analyst Meeting, Including $15 Billion from Advance Asset Sales from 2019 to 2021.

The Company Expects to Double Return on Invested Capital by 2025, Under The $60 Per Barrel Price Scenario Described During Last Year’s Investor Day.

In Brazil

In Upstream, Growth Will Benefit From ExxonMobil’s Exploration Success and Progress on Development Plans. In 2018, The Company Added 1.3 Billion Barrels of Oil Equivalent to Its Resource Base, Which Included Additions From New Discoveries and Strategic Acquisitions, Primarily in Guyana and Brazil.

In Guyana, The Estimated Recoverable Gross Resource of The Stabroek Block is Approximately 5.5 Billion Barrels of Oil Equivalent. This Compares to The Updated Resource Estimate at The End of Last Year of Over 5 Billion Barrels of Oil Equivalent.

In Brazil, ExxonMobil Built an Area of 2.3 Million Acres, Adding 800,000 Acres in 2018.

A Significant Liquefied Natural Gas (LNG) Project in Mozambique is on Track for Final Investment Decision This Year.

The Papua New Guinea LNG Project is Progressing. In February 2019, The Company Sanctioned The Golden Pass LNG Project to Capitalize on Low-Cost Supply of U.S. Natural Gas and The Expected Growth in Global LNG Demand.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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