Exxon Mobil (XOM.N) on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for two years. The top U.S. energy producer slashed costs after a historic $22.4 billion loss last year. But an oil-price rebound this year has generated strong profits that let Exxon pay down debt, maintain its dividend and fund a new low-carbon business. The budgets extend a plan Exxon set to spend about $16 billion this year and thereafter increase outlays to between $20 billion and $25 billion to 2025. Exxon is “accelerating investment in our advantaged projects to sustainably grow shareholder value,” Chief Executive […]