ExxonMobil expects its investments to generate returns of over 30 percent as it focuses on high-return and cash-generating projects that would allow it to grow its dividend, the U.S. supermajor said ahead of its Investor Day on Wednesday. Last month, ExxonMobil booked its first annual loss since the 1999 merger of Exxon and Mobil, and the first annual loss in at least 40 years after the pandemic crushed oil demand and prices and led to a huge domestic gas asset impairment. Exxon plans this year’s capital spending in the range of $16…
