Subject: Re: BRK: Why Not XOM?
ExxonMobil plans to plow $30 billion into lower emissions opportunities by 2030.

Exxon's investments in low-carbon solutions could generate significant and growing earnings in the
coming decades. The company believes this platform could produce $2 billion in earnings by 2030.

So invest $30B over the next 5 years (plus what has already been spent)and get $2B per year starting 2030. That is about 6.7% per year after 2030. Doesn't look like a very good press release to me.

The main driver is investing $140 billion
into major projects and its Permian Basin development plan over the next several years. It expects
these investments to generate returns of more than 30%.

Is that 30% per year, or total return on the $140B? If it is total return and the project has an average life span of 10 years, that is about 2.6% per year.

Aussi