ExxonMobil Bets on Layered Tech Systems to Reinvent Shale Economics
Market Intelligence Analysis
AI-PoweredExxonMobil has updated its corporate plan, projecting a significant increase in earnings by over $14 billion through 2030, driven by enhanced output in its Permian Basin and Guyana, alongside a focus on natural gas and LNG production. The company is also innovating its shale extraction processes with 'stackable technologies' to improve efficiency.
Market impact analysis based on bullish sentiment with 81% confidence.
Article Context
ExxonMobil released its updated corporate plan on Tuesday, wherein it upgraded its 5-year outlook. Exxon expects earnings to increase by more than $14 billion at constant prices through 2030 from 2024 levels, $5 billion above its previous forecast by ramping up output in its Permian Basin assets and Guyana, as well as expanding natural gas and LNG production. But Exxon isn’t just drilling more--the company is also changing the industrial process of shale extraction. In effect, the Oil & Gas giant is using "stackable technologies" to improve…
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