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ExxonMobil Boosts Its Lower-Carbon Investments to $17 Billion. Time to Buy the Oil Giant?

ExxonMobil Boosts Its Lower-Carbon Investments to $17 Billion. Time to Buy the Oil Giant?

ExxonMobil (NYSE: XOM) unveiled an update of its long-term corporate plan. While that overall spending level hasn't changed from last year's outlook, the company plans to boost its lower-carbon investments to $17 billion over that period. It will allow ExxonMobil to meet the world's energy needs, reduce emissions, and reward shareholders.