Exxon Has A Differentiated Permian Position Post-Pioneer Deal: Goldman Sachs Analyst
Exxon Has A Differentiated Permian Position Post-Pioneer Deal: Goldman Sachs Analyst
ExxonMobil is targeting up to $30 billion in lower-emissions investments and will allocate $27 billion – $29 billion in capex for 2025, with annual investments of $28 billion – $33 billion from 2026 to 2030, while reducing the reinvestment rate to 40%.Goldman Sachs analyst Neil Mehta rated Exxon Mobil Corporation (NYSE:XOM) Neutral and a price target of $125.
高盛分析师尼尔·梅塔将埃克森美孚公司（纽约证券交易所代码：XOM）评为中性，目标股价为125美元。
Yesterday, the company unveiled its Corporate Plan to 2030, targeting an additional $20 billion in earnings and $30 billion in cash flow over the next six years.
昨天，该公司公布了到2030年的企业计划，目标是在未来六年内增加200亿美元的收益和300亿美元的现金流。
The 2030 goals include increasing Pioneer acquisition synergies by 50% to over $3 billion annually, growing new business earnings to $3 billion.
2030年的目标包括将Pioneer的收购协同效应提高50％，达到每年30亿美元以上，将新业务收益增加到30亿美元。
ExxonMobil is targeting up to $30 billion in lower-emissions investments and will allocate $27 billion – $29 billion in capex for 2025, with annual investments of $28 billion – $33 billion from 2026 to 2030, while reducing the reinvestment rate to 40%.
埃克森美孚的目标是进行高达300亿美元的低排放投资，并将在2025年分配270亿美元至290亿美元的资本支出，从2026年到2030年的年度投资为280亿至330亿美元，同时将再投资率降至40％。
The analyst says that Exxon highlighted its differentiated Permian position post-Pioneer acquisition, leveraging non-sand proppants for better well performance.
这位分析师表示，埃克森美孚强调了其在收购先锋后在二叠纪的差异化地位，利用非沙支撑剂来改善油井表现。
Mehta notes that over the next 12 months, the company plans to deploy the technology in over 200 wells, though supply chain constraints remain a key focus for managing the deployment cadence.
梅塔指出，在接下来的12个月中，该公司计划在200多口油井中部署该技术，尽管供应链限制仍然是管理部署节奏的重点。
However, Exxon was more cautious than expected regarding its 2030 volume outlook for Guyana, with forecasts set at 1.3 million bpd, compared to Goldman Sachs' estimate of 1.5 million bpd, adds the analyst.
但是，分析师补充说，埃克森美孚对圭亚那2030年的交易量前景比预期更加谨慎，预测为每天130万桶，而高盛的估计为每天150万桶。
Mehta says that the company emphasized its ongoing focus on using 4D seismic technology and expanding high-performance computing capacity to enhance resource recovery and maximize value capture.
梅塔说，该公司强调将继续专注于使用4D地震技术和扩大高性能计算能力，以增强资源回收和最大限度地提高价值捕获。
Additionally, the analyst notes that ExxonMobil is continuing to collaborate closely with the Guyanese government on gas development projects.
此外，分析师指出，埃克森美孚将继续与圭亚那政府在天然气开发项目上密切合作。
Going forward, the analyst says that it will closely monitor management's updates on the execution of various LNG projects, particularly Golden Pass, due to previous challenges with execution and timing.
展望未来，该分析师表示，由于此前在执行和时机方面存在挑战，它将密切关注管理层有关各种液化天然气项目，尤其是金山口项目的最新执行情况。
The analyst estimates EPS of $7.91 for 2024, $8.35 for 2025 and $9.71 for 2026.
分析师估计，2024年的每股收益为7.91美元，2025年的每股收益为8.35美元，2026年的每股收益为9.71美元。
Investors can gain exposure to XOM via EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and Vanguard Energy Index Fund ETF (NYSE:VDE).
投资者可以通过EA Series Trust Strive美国能源ETF（纽约证券交易所代码：DRLL）和Vanguard能源指数基金ETF（纽约证券交易所代码：VDE）获得xOM的敞口。
Price Action: XOM shares are down 0.39% at $111.48 at the last check Thursday.
价格走势：在周四的最后一次检查中，xOm股价下跌0.39％，至111.48美元。
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Photo: Del Henderson Jr. via Shutterstock.
照片：小德尔·亨德森通过 Shutterstock 拍摄。
