ExxonMobil's earnings call highlighted strong financial performance, record production achievements, and progress in low-carbon solutions, despite challenges in cost management and chemical margins. The company's strategic focus on growth and technology-driven businesses shows a positive outlook, although legal and market challenges remain.

Company Guidance

In the fourth quarter 2024 earnings call, ExxonMobil provided a comprehensive overview of their performance metrics and future guidance. The company reported earnings of $34 billion, marking it as the third highest result in a decade, and a cash flow from operations at $55 billion. They achieved a return on capital employed (ROCE) of 13%, with a five-year industry-leading average of 11%. Excluding cash balances in capital and projects under construction, the 2024 ROCE rises to about 17%. ExxonMobil highlighted record production across several areas, including the Permian and Guyana, with Permian production expected to grow from 1.5 million oil-equivalent barrels per day in 2024 to 2.3 million barrels per day by 2030. They also emphasized a more than 60% reduction in methane intensity since 2016. The company aims for over $3 billion per year of synergies from combined assets and projects $3 billion in earnings potential from new projects by 2026. They are focused on expanding in low-carbon solutions, with significant customer contracts and partnerships in carbon capture and hydrogen, aiming for a total addressable market of $100 billion by 2030. ExxonMobil plans to maintain a capital expenditure between $27 billion to $29 billion in 2025, increasing to $28 billion to $33 billion from 2026 to 2030, with a commitment to sustainable shareholder returns.

Strong Financial Performance

ExxonMobil reported earnings of $34 billion in 2024, the third highest result in a decade, with a compounded annual growth rate of nearly 30% over five years. The company generated $55 billion in cash flow from operations, also the third highest in a decade.

Record Production Achievements

ExxonMobil achieved the highest-ever production from its advantaged assets and the highest liquid production from its overall portfolio in more than 40 years. In the Permian, the company delivered record production with expected synergies of more than $3 billion per year from combined assets.

Significant Progress in Low-Carbon Solutions

ExxonMobil contracted more CO2 for transport and storage than any other company by far, with 6.7 million tons per year. The company also announced new equity partnerships and off-take agreements in hydrogen and lithium.

Advancements in Chemical and New Technologies

The company is set to start a new facility that can produce 25,000 metric tons of Proxxima products in 2025 and plans to grow to nearly 200,000 tons by 2030. Additionally, ExxonMobil's new technology-driven businesses are expected to create significant opportunities in higher growth, higher margin markets.

Expansion of High-Value Product Sales

ExxonMobil achieved record sales of high-value products in 2024, driven by ongoing shifts to a more profitable product mix and divesting non-strategic assets.

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Exxon Mobil (XOM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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XOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 25, 2025	2025 (Q1)	1.73 / -	2.06	―	―	―
Jan 31, 2025	2024 (Q4)	1.55 / 1.67	2.48	-32.66% (-0.81)
Nov 01, 2024	2024 (Q3)	1.88 / 1.92	2.27	-15.42% (-0.35)
Aug 02, 2024	2024 (Q2)	2.02 / 2.14	1.94	10.31% (+0.20)
Apr 26, 2024	2024 (Q1)	2.19 / 2.06	2.83	-27.21% (-0.77)
Feb 02, 2024	2023 (Q4)	2.19 / 2.48	3.4	-27.06% (-0.92)
Oct 27, 2023	2023 (Q3)	2.37 / 2.27	4.45	-48.99% (-2.18)
Jul 28, 2023	2023 (Q2)	2.04 / 1.94	4.14	-53.14% (-2.20)
Apr 28, 2023	2023 (Q1)	2.60 / 2.83	2.07	36.71% (+0.76)
Jan 31, 2023	2022 (Q4)	3.29 / 3.40	2.05	65.85% (+1.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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XOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 31, 2025	$108.60	$105.88	-2.50%
Nov 01, 2024	$114.80	$113.00	-1.57%
Aug 02, 2024	$114.05	$113.98	-0.06%
Apr 26, 2024	$117.37	$114.11	-2.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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