Exxon Mobil Expands Stock Buyback to $50 Billion in New Corporate Plan

Exxon Mobil


unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions.

Exxon (ticker: XOM) said Thursday that the plan should double earnings and cash flow potential by 2027 versus 2019 as a result of “high-return, low-cost-of-supply projects.”