As part of the $35 billion repurchase program previously announced for 2023 and 2024, the oil company ExxonMobil is on track to make share repurchases for $17.5 billion in 2023. It plans to increase the pace of its share repurchases in 2024 to $20 billion per year until 2025, after the completion of its merger with Pioneer and assuming reasonable market conditions

The improvements recorded by the oil company provide a solid basis for further increasing its annual profit and cash flow by $14 billion from the end of fiscal year 2023 to 2027. ExxonMobil also expects to reduce its structural costs by $6 billion by the end of 2027, bringing total structural savings to around $15 billion compared