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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Aussi ✧  😊 😞
Number: of 21939 
Subject: Re: BRK: Why Not XOM?
Date: 12/20/24 2:32 AM
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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

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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