07:34 AM EST, 12/11/2024 (MT Newswires) -- Exxon Mobil ( XOM ) said Wednesday it is looking to raise capital spending next year with plans shell out $27 billion to $29 billion in 2025, followed by an increase to between $28 billion and $33 billion annually through 2030.

The energy giant is aiming to generate an additional $20 billion in earnings potential and $30 billion in cash flow potential over the next six years, it said.