Market Dynamics - Global demand for transportation fuels, products, and chemicals remains strong, putting pressure on oil pricing [1] - OPEC is unwinding some of its production, impacting supply [1] - The market could become longer in the back end of the year depending on demand and production from national oil companies [2] Financial Strategy & Risk Management - The company is prepared for a lower price environment than current levels [2][3] - Investment plans were developed with a lower price basis in mind [2] - Business and investment scenarios are tested against extreme cases, including pricing worse than COVID [4] - The company can maintain its dividend and continue its buyback program even under adverse pricing scenarios [3][4] - The company has a strong balance sheet [3]

Exxon Mobil CEO Darren Woods said the oil giant is looking for acquisition opportunities in the oil-and-gas space after losing its legal challenge to Chevron’s $53 billion deal to buy Hess https://t.co/LKodYqkLYt ...

Financial Data and Key Metrics Changes - The company achieved the highest second quarter production since the merger of Exxon and Mobil over 25 years, with expectations to increase production from high return advantaged assets from over 50% to more than 60% by the end of the decade [6][7] - The company anticipates total production capacity of 1,700,000 oil equivalent barrels per day from eight developments by 2030, with significant contributions from Guyana [7][10] - The company expects to drive more than $3 billion of earnings in 2026 from 2025 project startups, contributing to an additional $20 billion of earnings and $30 billion of cash flow versus 2024 on a constant price and margin basis [15][16] Business Line Data and Key Metrics Changes - In the upstream business, production in the Permian Basin reached approximately 1,600,000 oil equivalent barrels per day, with plans to grow production to 2,300,000 by 2030 [10][12] - The company is deploying new technologies in the Permian, including lightweight proppant, which has improved recoveries up to 20%, a five percentage point increase from previous announcements [11][12] - The company is ramping up operations at the China Chemical Complex and has successfully started up several projects, including the Singapore resid upgrade project and renewable diesel production in Canada [13][14] Market Data and Key Metrics Changes - Guyana is recognized as the world's fastest-growing economy, with ExxonMobil marking the ten-year anniversary of its first oil discovery there, which holds nearly 11 billion barrels of resources [7][8] - The company has established a significant presence in the low carbon solutions market, with a third-party carbon capture and storage project now operational, capable of storing up to 2 million metric tons of CO2 per year [15][16] Company Strategy and Development Direction - The company emphasizes a strategy focused on leveraging its diversified business across multiple markets and products, aiming to maximize shareholder value regardless of market conditions [5][6] - The company is actively pursuing inorganic growth opportunities while maintaining a high bar for acquisitions, focusing on value creation rather than volume [24][26] - The company is committed to advancing its low carbon solutions and technology initiatives, including carbon capture and hydrogen projects, while navigating regulatory and market challenges [18][19][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate geopolitical developments and market conditions, highlighting the importance of contractual rights and the sanctity of contracts in the upstream industry [8][9] - The management team is optimistic about the potential for technology to drive future growth and improve capital efficiency, particularly in the Permian Basin [10][12] - The company is focused on maintaining a balance between production growth and technological advancements to ensure long-term sustainability and profitability [45][46] Other Important Information - The company is experiencing a significant increase in corporate costs due to a large slate of new projects coming online, but it is also achieving structural cost savings to offset some of these increases [88][90] - The company is actively working on integrating AI and robotics into its operations, aiming to enhance workflow processes and improve efficiency [78][80] Q&A Session Summary Question: Thoughts on M&A opportunities given strong organic growth - Management emphasized the importance of leveraging unique capabilities and competitive advantages to create value through both organic growth and potential acquisitions, focusing on value deals rather than volume [24][26] Question: Views on Permian production potential and consolidation opportunities - Management expressed confidence in the potential for increased production in the Permian, driven by technology advancements, and acknowledged the opportunity for consolidation in the sector [36][39] Question: Insights on downstream projects and future growth ambitions - Management highlighted the success of recent downstream projects and indicated a focus on shifting production towards higher value products while exploring opportunities in biofuels and recycling [55][56] Question: Perspectives on low carbon business opportunities and CapEx evolution - Management noted the evolving landscape for low carbon projects, with a focus on carbon capture and hydrogen initiatives, while acknowledging the uncertainties in market demand and regulatory support [66][70] Question: Corporate cost guidance and its drivers - Management explained that increased corporate costs are largely driven by new projects and higher production volumes, but structural cost savings are expected to offset some of these increases [88][90] Question: Impact of U.S. LNG contracting on future projects - Management indicated that while there is increased interest in U.S. LNG, it does not fundamentally change the long-term demand and supply dynamics for the company's international LNG projects [95][97] Question: Guyana production plateau and debottlenecking efforts - Management provided insights on production expectations in Guyana, emphasizing ongoing efforts to optimize production and address natural declines through infill drilling and debottlenecking [101][102]

Financial Data and Key Metrics Changes - The company achieved the highest second quarter production since the merger of Exxon and Mobil over 25 years, with significant growth in production from high return advantaged assets, expected to exceed 60% by the end of the decade [5][6] - The company anticipates $3 billion in earnings from 2025 project startups in 2026, contributing to a total of $20 billion in additional earnings and $30 billion in cash flow compared to 2024 [14] Business Line Data and Key Metrics Changes - In the upstream business, production from Guyana reached approximately 650,000 gross barrels per day, with expectations to achieve a total production capacity of 1.7 million oil equivalent barrels per day by 2030 [6][9] - The Permian Basin produced roughly 1.6 million oil equivalent barrels per day, with plans to grow production to 2.3 million by 2030, leveraging technology to improve recovery rates [11][12] Market Data and Key Metrics Changes - The company is ramping up operations at the China Chemical Complex, which supplies high-value consumer-oriented chemical products to the largest domestic market in the world [12] - The company is also expanding its renewable diesel production in Canada and has signed an MOU for manufacturing rebar in the Middle East [13] Company Strategy and Development Direction - The company focuses on leveraging its diversified business model and competitive advantages to maximize shareholder value, regardless of market conditions [4] - The strategy includes a strong emphasis on technology and innovation, particularly in the Permian Basin, to enhance production efficiency and recovery rates [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate geopolitical uncertainties and market fluctuations, emphasizing the importance of contractual rights in the upstream industry [7][8] - The company is committed to developing low-carbon solutions and has made significant progress in carbon capture and storage projects, with expectations for continued growth in this area [15][16] Other Important Information - The company is actively exploring M&A opportunities, focusing on value creation rather than volume acquisition, and is looking for synergies similar to those achieved in the Pioneer acquisition [21][23] - Management highlighted the importance of integrating advanced technologies, such as AI and robotics, to enhance operational efficiency and reduce costs [76][78] Q&A Session Summary Question: Thoughts on M&A opportunities given strong organic growth - Management emphasized the focus on building unique capabilities and competitive advantages, with a high bar for acquisitions, looking for value deals rather than volume [21][23] Question: Views on Permian production potential and consolidation opportunities - Management expressed confidence in the technology's potential to enhance recovery rates and indicated that unique capabilities could create opportunities for consolidation [31][37] Question: Insights on downstream projects and future growth ambitions - Management reported success in bringing large projects online efficiently and indicated plans to continue shifting production towards higher value products [49][53] Question: Perspectives on low carbon business opportunities and CapEx evolution - Management acknowledged the uncertainty in the low carbon space but expressed optimism about the carbon capture business and its growth potential [60][64] Question: Update on Guyana production and debottlenecking efforts - Management confirmed ongoing efforts to optimize production and maximize capital efficiency, with a focus on infill drilling and debottlenecking [99][100]

埃克森美孚：努力削减成本，锂项目的时间表可能会延长。 ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

埃克森美孚(XOM.US)公司首席执行官达伦·伍兹在记者电话会议中透露，这家能源巨头正积极物色收购 规模较小的同业公司，延续其通过战略整合创造价值的策略。 一年前，埃克森美孚以600亿美元完成对先锋自然资源公司的收购，此次伍兹明确表示，未来并购将更 注重资产与专业能力的协同效应，而非单纯追求规模扩张。 尽管未透露具体收购目标或资产类型，伍兹明确划定交易红线：任何并购都必须为合并后股东创造超越 单一企业独立运营的增值空间。这与近期行业内常见的"产量整合型交易"形成鲜明对比。他特别举例说 明，埃克森美孚在收购先锋时并未采取裁员降本的传统路径，而是通过整合双方优势实现战略协同，这 种模式将成为未来并购的核心准则。 分析人士指出，在能源转型与市场周期性波动的双重压力下，埃克森美孚的并购策略反映出传统能源巨 头通过精细化整合强化竞争力的新趋势。伍兹的表态既延续了公司既往的成功经验，也为行业并购交易 的价值评估标准提供了新维度。 伍兹强调，真正的价值创造需要实现"一加一大于三"的效果，正如先锋收购案所验证的那样。他指出， 当前油价波动给石油生产商带来经营压力，部分企业被迫维持自2022年创纪录利润以来持续加大的股东 回报 ...

Permian Basin, New Mexico 2Q 2025 Earnings Call ExxonMobil August 1, 2025 1 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, future earnings power, potential addressable markets, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as lower-emission fuels, hydrogen, ammonia, lithium, direct air capture, P ...

Financial Performance - ExxonMobil's Q2 earnings beat expectations due to increased production, better product mix, and structural cost reductions, offsetting over half the impact of lower commodity prices [3] - ExxonMobil is confident in maintaining its dividend and share buyback program even under scenarios with significantly lower oil prices than current levels, including those worse than COVID [8][9][10] Market Dynamics & Strategy - Global demand for transportation fuels, products, and chemicals remains strong, but supply challenges are putting pressure on pricing [5] - ExxonMobil is prepared for a potentially lower price environment in the latter half of the year, as OPEC unwinds production and the market may become longer depending on the output of national oil companies [6][7] - The industry balances fierce competition in a commodity business with partnerships around the world, requiring collaboration and competition simultaneously [17][18] Guyana Project & Hess Arbitration - ExxonMobil was surprised by the arbitration outcome regarding the Guyana operating agreement, but the operational impact is unchanged as Chevron will now take Hess's place [11][13][14] - Despite the arbitration loss, ExxonMobil maintains a constructive partnership with Chevron in Guyana and other joint ventures, aiming for successful ventures and value growth [19][20]

Exxon Mobil (XOM) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10.07%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $1.74 per share when it actually produced earnings of $1.76, delivering a surprise of +1.15%.Over the last four quarte ...