Exxon Mobil (XOM) is among the 12 Best Crude Oil Stocks to Buy for Dividends. The company raised its 2030 Corporate Plan Outlook, with an increased earnings growth forecast to $25 billion and cash flow growth to $35 billion. Exxon aims to increase total upstream production and reduce structural costs to generate surplus cash flow.

Exxon Mobil (XOM) plans to increase total upstream production to 5.5 million oil-equivalent barrels per day by 2030, expecting earnings from the upstream business to grow by over $14 billion. The company also increased its cumulative structural cost savings plan by $2 billion to achieve $20 billion in reductions by 2030, while maintaining its status as the second-largest dividend payer in the S&P 500.

Exxon Mobil (XOM) remains on track to repurchase $20 billion of its shares this year and maintain that pace through 2026. While XOM shows investment potential, certain AI stocks offer greater upside potential and less downside risk. Investors can explore opportunities in undervalued AI stocks that stand to benefit from current economic trends.

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Read more at Yahoo Finance: Exxon Mobil (XOM) Raises its 2030 Corporate Plan Outlook