-
ALSO READ
Exxon profit misses expectations; sees $5.9 bln tax gain Refining weakness drags down Exxon, Chevron results; shares plunge Exxon's reserves jump 19 percent on growth in U.S. shale, UAE Kuwait to spend $500 bn on oil projects by 2040 Exxon sees global oil demand plunging by 2040 under climate regulations -
NEW YORK (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Wednesday it expects its earnings to more than double by 2025 to $31 billion with crude prices at or above current levels.
The company said exploration projects in Guyana and the Permian Basin as well as refining and chemical plant expansions, should help boost earnings.
The company reported an adjusted profit of $15 billion in 2017.
Exxon has come under increasing pressure from Wall Street analysts in recent years to boost returns, which have lagged its four largest publicly traded peers.
(Reporting by Ernest Scheyder; Editing by Jeffrey Benkoe)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU