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.
高盛分析師尼爾·梅塔將埃克森美孚公司（紐約證券交易所代碼：XOM）評爲中性，目標股價爲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，該公司公佈了到2030年的企業計劃，目標是在未來六年內增加200億美元的收益和300億美元的現金流。
The 2030 goals include increasing Pioneer acquisition synergies by 50% to over $3 billion annually, growing new business earnings to $3 billion.
2030年的目標包括將Pioneer的收購協同效應提高50％，達到每年30億美元以上，將新業務收益增加到30億美元。
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%.
埃克森美孚的目標是進行高達300億美元的低排放投資，並將在2025年分配270億美元至290億美元的資本支出，從2026年到2030年的年度投資爲280億至330億美元，同時將再投資率降至40％。
The analyst says that Exxon highlighted its differentiated Permian position post-Pioneer acquisition, leveraging non-sand proppants for better well performance.
這位分析師表示，埃克森美孚強調了其在收購先鋒後在二疊紀的差異化地位，利用非沙支撐劑來改善油井表現。
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，在接下來的12個月中，該公司計劃在200多口油井中部署該技術，儘管供應鏈限制仍然是管理部署節奏的重點。
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，分析師補充說，埃克森美孚對圭亞那2030年的交易量前景比預期更加謹慎，預測爲每天130萬桶，而高盛的估計爲每天150萬桶。
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.
梅塔說，該公司強調將繼續專注於使用4D地震技術和擴大高性能計算能力，以增強資源回收和最大限度地提高價值捕獲。
Additionally, the analyst notes that ExxonMobil is continuing to collaborate closely with the Guyanese government on gas development projects.
此外，分析師指出，埃克森美孚將繼續與圭亞那政府在天然氣開發項目上密切合作。
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.
展望未來，該分析師表示，由於此前在執行和時機方面存在挑戰，它將密切關注管理層有關各種液化天然氣項目，尤其是金山口項目的最新執行情況。
The analyst estimates EPS of $7.91 for 2024, $8.35 for 2025 and $9.71 for 2026.
分析師估計，2024年的每股收益爲7.91美元，2025年的每股收益爲8.35美元，2026年的每股收益爲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).
投資者可以通過EA Series Trust Strive美國能源ETF（紐約證券交易所代碼：DRLL）和Vanguard能源指數基金ETF（紐約證券交易所代碼：VDE）獲得xOM的敞口。
Price Action: XOM shares are down 0.39% at $111.48 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，xOm股價下跌0.39％，至111.48美元。
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Photo: Del Henderson Jr. via Shutterstock.
照片：小德爾·亨德森通過 Shutterstock 拍攝。
