Exxon forecasts rise in project spending

The largest US oil producer laid out plans to boost spending on nascent lithium and low carbon businesses by 18% throughout 2027. — Reuters

HOUSTON: Exxon Mobil will target annual project spending of between US$22bil and US$27bil through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals.

The largest US oil producer laid out plans to boost spending on nascent lithium and low carbon businesses by 18% throughout 2027.