ExxonMobil(US:XOM)2025-05-02 11:03Financial Performance & Shareholder Value - 1Q25 earnings reached $7.7 billion, driven by execution excellence, advantaged portfolio, and cost discipline[9] - Shareholder distributions exceeded $9 billion, supported by a strong balance sheet[9] - Structural cost savings amounted to $12.7 billion compared to 2019, with an additional $0.6 billion YTD[24, 35] - 1Q25 cash flow from operations was $13 billion[24] Strategic Initiatives & Production - Upstream production included 4.6 million oil-equivalent barrels per day (Moebd)[11] - The company is increasing the percentage of advantaged assets versus total production, targeting >60% by 2030[10, 11] - High-value product sales volume reached 3.44 million tons in 1Q25[14] Project Start-ups & Future Outlook - Operations commenced at the China Chemical Complex with 2.5 million tons per annum (Mta) of Polyethylene/Polypropylene capacity[9, 21] - The second Advanced Recycling unit in Baytown, Texas, added 80 million lbs/yr of plastic waste processing capacity[9, 23] - The company is targeting ~$18 billion in structural cost savings by 2030 compared to 2019[16] - Full-year cash capex is projected to be $27-$29 billion, supporting advantaged opportunities[35]