Permian Basin, Texas 4Q 2025 Earnings Call ExxonMobil January 30, 2026 1 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, performance, earnings power, earnings growth at constant prices and margins, potential addressable markets, opportunities, 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 ...

Core Viewpoint - ExxonMobil's full-year profit decreased in 2025 compared to 2024, primarily due to lower crude oil prices and reduced margins in its chemicals business, despite a strong Q4 performance driven by refining and high output from growth assets [1] Q4 Performance and Key Financials - Q4 2025 earnings per share (EPS) were $1.71, surpassing the consensus estimate of $1.68 - Revenue for Q4 reached $82.31 billion, exceeding the forecast of $81.04 billion, although it declined from the previous year - GAAP earnings for Q4 totaled $6.5 billion, translating to $1.53 per share - Operating activities generated $12.7 billion in cash flow, resulting in free cash flow of $5.6 billion [1][1][1] Operational Highlights and Growth Drivers - Annual earnings fell to $28.8 billion in 2025 from $33.7 billion in 2024, indicating challenges in profitability - The company achieved its highest full-year net production in over 40 years, reaching 4.7 million oil-equivalent barrels per day - Key production drivers included 1.6 million barrels per day from the Permian Basin and over 700,000 barrels per day from Guyana [1][1][1] Capital Allocation and Forward Guidance - The Energy Products segment's full-year earnings increased to $7.4 billion from $4.0 billion in 2024, driven by high refining margins and global throughput - ExxonMobil returned $37.2 billion to shareholders in 2025, including $17.2 billion in dividends and $20.0 billion in share repurchases - The company raised its quarterly dividend by 4%, marking 43 consecutive years of annual dividend-per-share growth - Capital expenditure guidance for 2026 is set between $27 billion and $29 billion, consistent with 2025 spending [1][1][1]

Exxon Mobil (XOM) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.99%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $1.81 per share when it actually produced earnings of $1.88, delivering a surprise of +3.87%.Over the last four quarter ...

Despite President Donald Trump‘s call for increased investment in Venezuela, Chevron Corporation (NYSE:CVX) has decided to maintain its current level of capital spending in the country, the U.S. oil major’s finance chief told the Financial Times on Friday. Chevron Continues To Engage With The AdministrationEimear Bonner said the company will not be increasing its capital spending in Venezuela this year. Bonner added that the company is currently producing 250,000 barrels a day and saw the potential to grow ...

Core Insights - Exxon Mobil Corporation reported a decline in earnings for the fourth quarter of 2025 compared to the third quarter of 2025, with earnings dropping from $7,548 million to $6,501 million, a decrease of $1,047 million [1] - The company's earnings for the full year 2025 were $28,844 million, down from $33,680 million in 2024, reflecting a decrease of $4,836 million [1] - Earnings per common share also saw a decline, with a reported $1.53 for Q4 2025 compared to $1.76 in Q3 2025, a drop of $0.23 [1] Financial Performance - Earnings excluding identified items (non-GAAP) for Q4 2025 were $7,256 million, down from $8,058 million in Q3 2025, a decrease of $802 million [1] - For the full year 2025, earnings excluding identified items were $30,109 million, compared to $33,464 million in 2024, a decline of $3,355 million [1] - Earnings per common share excluding identified items (non-GAAP) were $1.71 for Q4 2025, down from $1.88 in Q3 2025, a decrease of $0.17 [1]

Core Insights - Exxon Mobil Corporation is set to announce its financial results for Q4 2025 on January 30, before market opening [1] Financial Expectations - Market expectations are reflected by the Zacks Consensus Estimate, indicating investor sentiment regarding the company's performance [1]

Core Viewpoint - Exxon Mobil Corporation is a leading player in the energy sector, focusing on exploration, production, and sale of crude oil, natural gas, and petrochemicals, with a strategic emphasis on long-term growth and shareholder returns [1][4]. Price Target Summary - The consensus price target for Exxon Mobil has decreased from $142.56 to $138.25 over the past month, indicating a shift in analysts' optimism, although it remains relatively stable compared to a year ago at $137.11 [2][5]. Earnings and Market Sensitivity - Exxon Mobil's stock is influenced by oil price fluctuations, regulatory changes, and earnings reports, with upcoming fourth-quarter earnings expected to be challenged by softer crude prices impacting upstream earnings, but gains in refining and long-term asset value are anticipated to provide a positive outlook [3][4]. Future Projections - The company is projecting significant earnings and cash flow growth by 2030, which supports ongoing dividend increases and aligns with its strategic shift towards molecule management, carbon capture, and lithium, despite a recent downgrade from 'Buy' to 'Hold' by Morgan Stanley [4][5].

Core Viewpoint - Shares are reaching record highs despite analysts reducing profit forecasts, which increases pressure on Exxon to demonstrate its ability to achieve long-term growth [1] Group 1 - Analysts are trimming profit forecasts for Exxon, indicating potential concerns about future earnings [1] - The current high share prices create expectations for the company to provide a clear strategy for sustainable growth [1]

A funny thing happened on Dec. 16, 2025, aside from it being the 81st anniversary of the start of the Battle of the Bulge in 1944. On that date, shares of ExxonMobil and Chevron, two heavyweights of the U.S. energy industry, both hit lows. As of the close on Jan. 28, 2026, Exxon is up 14.3% since Dec. 16. Chevron is up 11.3%. The S&P 500 Energy Sector is up 15.6%. Alphabet, the best-performing Magnificent 7 tech stock since Dec. 16, is up just 9.3%. For now, energy is having a moment Suddenly, a piece ...

As Exxon Mobil Corp. (NYSE:XOM) prepares to report fourth-quarter earnings on Jan. 30, the energy giant faces a complex landscape defined by softening crude prices and a sudden geopolitical shift.While lower upstream realizations are expected to weigh on results, analysts forecast that robust refining and record production volumes in Guyana and the Permian Basin will provide a critical earnings buffer.Refining Resilience Meets Market HeadwindsWall Street consensus estimates project fourth-quarter Earnings P ...