ExxonMobil Holdings Surpasses Expectations with Record Oil Output and LNG Sales Target

ExxonMobil Holdings reported record oil output and revenue for its latest results, driven by higher production from high return assets such as the Permian Basin.

Management also raised its 2030 liquefied natural gas sales target to 50 million tons, indicating a larger role for LNG in the mix.

This focus on LNG connects directly to the current catalysts, with higher volumes from high return oil projects, cost savings nearing a US$20b target, and an integrated refining and chemicals footprint already working to smooth earnings all relying on consistent execution.

Analysts have modest top line growth, fatter margins, and fewer shares doing most of the heavy lifting in their spreadsheets.