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
For footnotes and reconciliation of and other information about non-GAAP measures, please refer to the presentation.
2 X
earnings and cash flow growth potential by 2027 versus 20191
~500 K
increase in oil-equivalent barrels per day in 2027 vs. 20232
~$17 B
in lower-emissions investments through 2027
Up to $50 B
share repurchases in 2022-2024
2022 Corporate Plan Update - supporting materials