ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.

Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.

The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.

Related:

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Geopolitical Trends, w/Dr. David Oualaalou

The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy.

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Related:

Germany Heating Law: How the Building Energy Act Became So Controversial

“If we really want to tackle climate change, the state has to interfere more in what had been private issues because we have to change our behavior,” Römmele said.

Germany mandates switch to heating via renewables with Building Energy Act amendment

The focus of the amendment is on new heating systems, as these are used for an average of 20 to 30 years and the government wants to ensure they are low carbon from the outset. Existing heating systems, however, can continue to be operated as before. This is a compromise reached in the legislative process to mitigate the economic hardships otherwise caused by the amendment.

The Controversial Truth About Climate Change | IPCC Report #climatechange

The United Nations IPCC Assessment Report blames “human activity” for the current state of our climate… BUT, they are leaving out some major points of interest when it comes to our climate crisis, like Big BUSINESS and MILITARIES. A deeply unserious report… if you ask me. What do you think?

The Controversial Truth About Climate Change | IPCC Report #climatechange via Endemic Times

Related:

How the world’s militaries hide their huge carbon emissions

Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied

In February of this year Democrats and climate activists seized on a study published by a group called Rocky Mountain Institute (RMI), and the conclusions of the paper sent alarmists into a frenzy – Claiming they had evidence that natural gas based appliances including gas stoves create emissions that are dangerous to human health, causing asthma and impairing cognitive development, specifically in children. The Biden Administration’s Department of Energy reviewed the study and discussion mounted over the possibility of an incremental ban on various gas appliances, including up to 50% of gas stove models.

Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied

Don’t need birth control, to control population growth, if you just keep bombing people!

This is not a race

When Emmanuel Macron complained to Biden that the Inflation Reduction Act will hurt European businesses I made fun of him. I made fun of all the European politicians who complained about the IRA because, really, it has always been pathetic to assume someone other than yourself should take care of you and your strategic interests because you’re friends.

This is not a race (original)

Biden calls global warming bigger threat to humanity than nuclear war during NYC speech

Twitter.

President Biden gave Manhattan donors an update on his thoughts about nuclear war Tuesday, saying that he currently views global warming as a greater threat — less than four months after he casually told a different set of New York City donors that the world was close to nuclear “Armageddon.”

Biden calls global warming bigger threat to humanity than nuclear war during NYC speech