ExxonMobil Announces 2024 Results

In This Article:

  • Business transformation drove industry-leading 2024 financial performance1

  • Delivered $33.7 billion in earnings and $55.0 billion in cash flow from operations – third best year in a decade

  • Achieved record production in Permian and Guyana, and record sales volumes of high-value products

  • Distributed $36.0 billion to shareholders – more than all but five companies in the S&P 5001

  • Achieved $12.1 billion cumulative structural cost savings since 2019; more than offsetting inflation and growth

SPRING, Texas, January 31, 2025--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM):

Results Summary

 

 

 

 

 

 

 

 

4Q24

3Q24

Change

vs

3Q24

Dollars in millions (except per share data)

2024

2023

Change

vs

2023

7,610

8,610

-1,000

Earnings (U.S. GAAP)

33,680

36,010

-2,330

7,394

8,610

-1,216

Earnings Excluding Identified Items (non-GAAP)

33,464

38,572

-5,108

 

 

 

 

 

 

 

1.72

1.92

-0.20

Earnings Per Common Share ²

7.84

8.89

-1.05

1.67

1.92

-0.25

Earnings Excl. Identified Items Per Common Share (non-GAAP) ²

7.79

9.52

-1.73

 

 

 

 

 

 

 

7,514

7,159

+355

Capital and Exploration Expenditures

27,551

26,325

+1,226

Exxon Mobil Corporation today announced fourth-quarter 2024 earnings of $7.6 billion, or $1.72 per share assuming dilution. Cash flow from operating activities was $12.2 billion and free cash flow was 8.0 billion. Capital and exploration expenditures, and cash capital expenditures were both $7.5 billion in the fourth quarter, bringing the full-year expenditures to $27.6 billion and $25.6 billion, respectively – both in line with full-year guidance. For full-year 2024, the company reported earnings of $33.7 billion, or $7.84 per share assuming dilution.

"Our transformed company delivered unmatched value in 2024," said Darren Woods, chairman and chief executive officer. "The proof is in our performance. Operationally, we delivered strong results on safety, reliability, and emissions. Financially, we delivered some of our highest earnings and operating cash flow in a decade. We earned returns higher than our peers3 and well above our cost of capital, and we distributed more cash to shareholders than all but five companies in the entire S&P 5001."

"As we look ahead, we’ve built a long runway of value creation. We’re confident we’ll deliver on the plans we laid out to generate significantly more earnings and cash – not only to 2030, but well beyond. Our unique investment opportunities give us profitable growth well into the future, which underpins our financial strength and ability to return significant cash to shareholders."