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ExxonMobil - 4Q 2021 earnings overview

02.02.2022 15:06

• Generates $48 billion of cash flow from operating activities, the highest level since 2012, more than covering capital investments, debt reduction, and dividend

• Reduces structural costs by an additional $1.9 billion, increasing total savings to nearly $5 billion versus 2019

• Strengthens balance sheet to pre-pandemic levels by paying down $20 billion in debt

• Expects to achieve 2025 emission-reduction plans four years ahead of schedule

• Aims to achieve net zero Scope 1 and 2 greenhouse gas emissions for operated assets by 2050, with plans to achieve net zero in the Permian Basin by 2030

Full press release (ENG)

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