Corporate Plan Update
2022 Corporate Plan Update overview
- 2X earnings and cash flow growth potential by 2027 versus 2019¹
- 2027 production of ~ 4.2 million oil-equivalent barrels per day²
- Annual capital investments remain at $20-$25 billion through 2027; $23-$25 billion in 2023
- ~$17 billion in lower-emissions investments, ~15% increase from last year’s plan
- Up to $50 billion expanded share-repurchase program through 2024, includes $15 billion of repurchases in 2022
Dec. 8, 2022 • Corporate Plan Update presentation
For footnotes and reconciliation of and other information about non-GAAP measures, please refer to the presentation.
2x
Earnings and cash flow growth potential by 2027 versus 20191 potential by 2027 versus 20191
~500K
Increase in oil-equivalent barrels per day in 2027 vs. 20232
~$17B
In lower-emissions investments through 2027
$50B
Share repurchases in 2022-2024