Key 2022 ExxonMobil Projects Show Shift Toward Energy Transition

SUGAR LAND--February 2, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--With $16.6 billion in capital expenditures (capex) under its belt for 2021, Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) intends to ramp up spending this year and in the years following. In December, the company said it is aiming for between $20 billion and $25 billion in annual capex through 2027. In Tuesday's earnings conference call with investors, ExxonMobil Chief Executive Officer Darren Woods discussed what the company achieved in 2021 and what's on the table for 2022.