Here are the highlights of our plan to 2030:
- We expect to deliver growth potential of $20 billion in earnings and $30 billion in cash flow by 2030 vs. 2024 (footnote constant price/margin basis)
- We now plan to achieve >$3 billion in annual synergies from the Pioneer acquisition, 50% more than previously announced
- We see $7 billion more in structural cost savings vs. 2024, on top of the $11 billion we delivered through 3Q2024
- We expect new businesses, including our Low Carbon Solutions business, Proxxima ™ resins, and carbon materials to generate earnings of $3 billion by 2030
- We plan to invest $27-$29 billion in 2025 and $28-$33 billion annually from 2026-2030 to progress attractive long-term opportunities, with base capex roughly flat and our reinvestment rate declining materially over the plan period.
Please see the corporate plan presentation for footnotes and supplemental information.