Exxon Mobil Stock Gains as New Plan Expands Buybacks

Exxon Mobil

unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. Its stock is gaining.

Exxon (ticker: XOM) said Thursday that the plan should double earnings and cash flow potential by 2027 vs. 2019 as a result of “high-return, low-cost-of-supply projects.”