Originally Posted by EdM
HOUSTON, Dec 1 (Reuters) - Exxon Mobil (XOM.N) on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for two years.

The top U.S. energy producer slashed costs after a historic $22.4 billion loss last year. But an oil-price rebound this year has generated strong profits that let Exxon pay down debt, maintain its dividend and fund a new low-carbon business. The budgets extend a plan Exxon set to spend about $16 billion this year and thereafter increase outlays to between $20 billion and $25 billion to 2025.

https://www.reuters.com/markets/us/...lion-25-billion-through-2027-2021-12-01/

wasting your time Ed. Was everyone complaining when oil was MINUS 28 dollars a barrel?


Any idea how much the Russia sanctions by Biden and the Eu on Russian energy has affected world wide prices?

Remember monetary easing?When you print up trillions of dollars in a few years and that causing rising prices on everything?