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Exxon to boost oil production despite global slowdown

ExxonMobil plans to increase oil production to 5.4 million barrels per day by 2030, despite a global oil market slowdown, according to the company.
Exxon will spend $27-29 billion in cash in 2025, maintaining its spending from this year, as reported by Darren Woods.
The company aims to improve production costs after acquiring Pioneer Natural Resources for $60 billion, Woods stated.

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