Core Viewpoint - Lukoil, Russia's second-largest oil producer, has reached a tentative agreement to sell the majority of its international assets to Carlyle Group amid ongoing Western sanctions affecting Russian energy companies [1][2]. Group 1: Asset Sale Details - The deal includes Lukoil's oil and gas fields spanning from Iraq to Mexico, thousands of petrol stations in 20 countries, and refineries located in Bulgaria and Romania [2]. - The total book value of Lukoil's entire international business is reported to be $22 billion, although the specific value of the current deal has not been disclosed [2]. Group 2: Exclusions and Regional Interests - Lukoil's interests in Kazakhstan will not be included in the asset sale [2]. - Kazakhstan has submitted a bid to U.S. authorities to acquire stakes in Russian oil producers' energy projects within the country [3]. Group 3: Market Context and Future Outlook - The U.S. Treasury Department authorized potential buyers to negotiate with Lukoil for its foreign assets starting in November, which represent approximately 0.5% of global oil production [4]. - Despite the asset sale, analysts from S&P Global anticipate that Lukoil's oil and gas output from overseas operations will continue to rise through the end of the decade [4].

Core Viewpoint - Exxon Mobil reported fourth-quarter earnings and revenue that surpassed Wall Street expectations, driven by strong operational performance and cash generation [1][2] Financial Performance - The company posted earnings per share of $1.71, exceeding the consensus estimate of $1.68 [1] - Revenue for the quarter was $82.31 billion, a decline from the previous year but above analyst forecasts of $81.04 billion [1] Operational Strength - CEO Darren Woods stated that ExxonMobil has become fundamentally stronger in recent years, with improved value capture from production [2] - The company generated $12.7 billion in operating cash flow during the quarter [2] - Free cash flow for the quarter totaled $5.6 billion [2] Future Outlook - ExxonMobil is developing scalable growth platforms capable of supporting profitable expansion through 2030 and beyond [2]

Core Insights - Exxon Mobil Corporation (XOM) reported Q4 2025 earnings per share of $1.71, exceeding the Zacks Consensus Estimate of $1.68, and showing an improvement from $1.67 in the same quarter last year [2] - Total quarterly revenues were $82.3 billion, which fell short of the Zacks Consensus Estimate of $83.2 billion and decreased from $83.4 billion year-over-year [2] Operational Performance - Upstream segment earnings (excluding identified items) were $4.41 billion, down from $6.28 billion in the previous year, primarily due to lower crude price realizations and decreased base volumes from divestments [5] - U.S. operations reported a profit of $1.22 billion, down from $1.62 billion in Q4 2024, while non-U.S. operations generated $3.19 billion, compared to $4.67 billion a year ago [6] - Production averaged 4,988 thousand barrels of oil equivalent per day (MBoe/d), an increase from 4,602 MBoe/d a year ago, driven by assets in the Permian and Guyana [6][8] - Liquids production rose to 3,531 thousand barrels per day (MBbls/d) from 3,213 MBbls/d in the prior-year quarter, attributed to higher output from the U.S. and Canada/Other Americas [7] Price Realization - Crude price realization in the U.S. was $58.57 per barrel, down from $67.58 a year ago, while non-U.S. operations saw a decrease to $57.46 per barrel from $67.58 [9] - Natural gas price in the U.S. was $1.75 per thousand cubic feet (Mcf), lower than $2.09 a year ago, and non-U.S. prices fell to $9.60 per Mcf from $10.77 [10] Segment Performance - Energy Products segment recorded a profit of $2,907 million, up from $323 million a year ago, driven by higher refining margins and record North American throughput [11] - Chemical Products segment reported a loss of $11 million, compared to a profit of $215 million in the previous year, affected by weaker margins and higher seasonal spending [12] - Specialty Products segment profit was $682 million, down from $759 million a year ago, impacted by higher seasonal spending but partially offset by improved margins [13] Financials - ExxonMobil generated $13.7 billion in cash flow from operations and asset divestments, with free cash flow of $5.6 billion and capital expenditures of $8.1 billion [14] - Total cash and cash equivalents stood at $10.7 billion, with long-term debt at $34.2 billion [14] Guidance - For 2026, cash capital expenditures are projected between $27 billion and $29 billion, with plans to repurchase $20 billion in shares under reasonable market conditions [15] - Expected Permian Basin production is projected to average 1.8 million barrels of oil equivalent per day (Moebd), contributing to total upstream production of 4.9 Moebd in 2026 [15]

Core Insights - Exxon Mobil Corporation (NYSE: XOM) has experienced a stock appreciation of over 20.5% since being rated a strong buy in mid-July [1] - The company is recognized for its strong fundamentals and good cash flows, particularly in the Oil & Gas sector [1] - Energy Transfer is highlighted as another undervalued company with potential for substantial returns [1] Investment Focus - The analysis emphasizes a focus on long-term value investing, particularly in sectors that are undervalued or disliked unjustly [1] - The analyst expresses a preference for companies with understandable business models, avoiding high-tech and certain consumer goods sectors [1] - There is a noted skepticism towards cryptocurrencies as an investment option [1]

Exxon Mobil CEO Darren Woods told analysts on Friday that the company has the technology that would be needed to produce higher cost barrels from Venezuela. ...

Exxon Mobil (NYSE:XOM) Q4 2025 Earnings call January 30, 2026 09:30 AM ET Company ParticipantsDarren Woods - CEOJim Chapman - Vice President, Treasurer, and Head of Investor RelationsKathryn Mikells - CFONeil Hansen - Incoming CFOConference Call ParticipantsArun Jayaram - AnalystBob Brackett - AnalystDevin McDermott - AnalystDoug Leggate - AnalystNeil Mehta - AnalystNone - AnalystJim ChapmanGood morning, everyone. Welcome to ExxonMobil's fourth quarter 2025 earnings call. Today's call is being recorded. We ...

Financial Data and Key Metrics Changes - In 2025, ExxonMobil achieved an annualized shareholder return of 29%, leading the industry, supported by $150 billion in distributions to shareholders over the past five years [5] - Earnings, cash flow, and return on capital employed remain among the strongest in the sector, with upstream earnings per barrel significantly higher than competitors [6] - The company completed $20 billion in share repurchases, retiring shares equivalent to one-third of those issued during the Pioneer transaction [6] Business Line Data and Key Metrics Changes - Upstream production averaged 4.7 million oil equivalent barrels per day, with unit earnings more than double those in 2019 on a constant price basis [3] - Production from advantaged assets, including the Permian, Guyana, and LNG, continues to grow, expected to make up roughly 65% of total production by 2030 [4] - In Guyana, gross production in the fourth quarter reached approximately 875,000 barrels per day, with the first four FPSOs producing 100,000 barrels a day above the investment basis [7] Market Data and Key Metrics Changes - The company expects to reach its 2030 methane intensity reductions by the end of 2025, having already reduced corporate GHG intensity by more than 20% and upstream GHG intensity by more than 40% [2][3] - The Permian delivered a new production record in the fourth quarter, reaching 1.8 million oil equivalent barrels per day, contributing to the highest annual company production in over 40 years [7] Company Strategy and Development Direction - ExxonMobil's strategy focuses on leveraging competitive advantages, maintaining a disciplined approach to investments, and divesting non-strategic assets [3][11] - The company aims to capture more value from every barrel produced and is focused on high-margin, technology-differentiated markets [11] - A new enterprise-wide process and data platform is being implemented to enhance operational efficiency and leverage artificial intelligence [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory in Guyana and the Permian, emphasizing the role of technology in driving production and cost efficiency [8][29] - The company is committed to maintaining financial strength while returning surplus cash to shareholders, with a focus on disciplined capital allocation [11] - Management highlighted the importance of execution excellence and the successful startup of key projects, which will support long-term shareholder value [10] Other Important Information - ExxonMobil is advancing its carbon capture network, with progress on various projects capable of sequestering approximately 9 million tons of CO2 per year [9] - The company is also exploring opportunities in lithium and battery technologies, aiming to leverage synergies across its product offerings [91] Q&A Session All Questions and Answers Question: Exploration strategy in Guyana - Management is optimistic about exploration opportunities in Guyana, particularly in areas currently accessible, and is awaiting a ruling from the International Court of Justice regarding the border dispute with Venezuela [16][18] Question: Permian production guidance - Management expects significant year-on-year improvement in Permian production and is optimistic about the deployment of lightweight proppant technology [25][30] Question: Upside potential from new markets - Management acknowledged potential opportunities in Libya, Iraq, and Venezuela, emphasizing the need for favorable fiscal regimes and legal structures to facilitate entry [38][41] Question: Carbon capture and data center interest - Management confirmed serious discussions with hyperscalers regarding carbon capture solutions for data centers, with expectations for project announcements by year-end [100] Question: Base decline rates and uptime expectations - Management did not provide specific figures but emphasized ongoing improvements in asset management and technology application to enhance performance [109]

Exxon Mobil (NYSE:XOM) Q4 2025 Earnings call January 30, 2026 09:30 AM ET Speaker1Good morning, everyone. Welcome to ExxonMobil's fourth quarter 2025 earnings call. Today's call is being recorded. We appreciate you joining us. I'm Jim Chapman, Vice President, Treasurer, and Investor Relations. This quarter's presentation and prerecorded remarks are available on the investors section of our website. They are meant to accompany the fourth quarter earnings press release, which is posted in the same location. D ...

Exon Mobile beating on both the top and the bottom lines. Joining us right now for an exclusive interview is Exxon Mobile's chairman and CEO, Darren Woods. Darren, welcome.Um, it's great to see you this morning. We know oil prices have been down, but how has Exxon been mo operating under those uh lower oil prices. >> Well, I think we had a, as you saw in the quarter, really strong quarter which topped off a really strong year as you said, oil prices down, commodity prices down across the year.That took abou ...

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 ...