Exxon Mobil Corporation
- Exxon Mobil increased 0.7% to $110.30 after the energy company reported better-than-expected adjusted earnings and free cash flow in the fourth quarter.
Revenue declined 1.1% to $83.43 billion, adjusted earnings per share increased to $1.67 compared to an estimate of $1.55, and free cash flow was $8 billion compared to an estimate of $6.5 billion.
Jan 31, 2025 - Exxon Mobil Corp. advanced 2.2% to $119.29 after the oil company reported better-than-expected revenue and earnings in the third quarter.
Revenue in the third quarter decreased to $90.01 billion from $90.76 billion, net income attributable to shareholders fell to $8.6 billion from $9.07 billion, and diluted earnings per share eased to $1.92 from $2.95 a year earlier.
The company increased its fourth-quarter dividend to 99 cents per share from 95 cents, payable on December 10 to shareholders on record on November 14.
Nov 1, 2024 - Exxon Mobil Corporation inched up 0.1% to $117.05, and the energy company reported better-than-expected second quarter earnings driven by record energy production in Guyana and the Permian Basin oil fields.
Total revenue increased to $93.1 billion from $82.9 billion, net income attributable to shareholders rose to $9.2 billion from $7.5 billion, and diluted earnings per share advanced to $2.14 billion from $1.94 a year ago.
In the quarter, the company distributed $9.5 billion to shareholders, including $4.3 billion in dividends and $5.2 billion of share repurchases.
Net production in the second quarter increased 15% to 4.4 million oil-equivalent barrels per day due to contributions from the recent acquisition of Pioneer Natural Resources and higher production from energy fields in Guyana and heritage Permian.
On May 3, ExxonMobil completed the acquisition of Pioneer Natural Resources through the exchange of 545 million shares of ExxonMobil common stock valued at $63 billion and the assumption of $5 billion of debt.
Aug 2, 2024 - Exxon Mobil jumped 1% to $103.39 after the largest U.S. oil company reported better-than-expected quarterly results, but profit fell sharply because of a sharp decline in crude oil prices.
Total revenue in the fourth quarter declined to $84.3 billion from $95.4 billion, net income dropped to $7.6 billion from $12.7 billion, and diluted earnings per share fell to $1.91 from $3.09 a year ago.
The company declared a first-quarter dividend of 95 cents per share payable on March 11 to shareholders on record on February 14.
For the full year, the company distributed in 2023 to shareholders $32.4 billion, including $14.9 billion in dividends and $17.4 billion in stock repurchases.
The company also announced its plan to produce lithium through a mining operation in southwest Arkansas, with the potential to supply one million electric vehicles per year.
Feb 2, 2024 - Exxon Mobil Corp. decreased 1.9% to $105.55 after the energy giant reported a sharp decline in quarterly earnings.
Revenue in the third quarter decreased to $90.7 billion from $112.1 billion, net income dropped to $9.1 billion from $19.7 billion, and diluted earnings per share fell to $2.25 from $4.68 a year ago.
The company confirmed full-year capital expenditures near the top end of its previously announced range between $23 billion and $25 billion.
The sharp decline in earnings reflected a steep fall in crude oil and natural gas prices from a year ago.
The company declared a fourth-quarter cash dividend of 95 cents per share, an increase of 4 cents, payable on December 11 to shareholders on record on November 15.
The company has increased its annual dividend for 41 consecutive years.
The debt-to-capital ratio remained at 17%, and the net-debt-to-capital ratio was 4%, reflecting a period-end cash balance of $33.0 billion.
In the quarter, the company completed the sale of its assets and refinery in Thailand, generating $0.9 billion in cash proceeds, bringing the year-to-date divestment total to $3.1 billion.
In July, the company agreed to an all-stock transaction to acquire Denbury Inc., the owner and operator of one of the largest carbon dioxide pipeline networks, for $4.9 billion or in exchange for 45 million shares.
The transaction is expected to close in November, after the Denbury shareholder vote on October 31.
Oct 28, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.79 | 1.94 | 2.25 | - | - | |
| 2022 | 1.28 | 4.21 | 4.68 | 3.09 | 13.26 | |
| 2021 | 0.64 | 1.1 | 1.57 | 0.88 | 5.39 | |
| 2020 | -0.14 | -0.26 | -0.15 | -4.7 | -5.25 | |
| 2019 | 0.55 | 0.73 | 0.75 | 1.33 | 3.36 | |
| 2018 | 1.09 | 0.92 | 1.46 | 1.41 | 4.88 | |
| 2017 | 0.95 | 0.78 | 0.93 | 0.88 | 3.54 | |
| 2016 | 0.43 | 0.41 | 0.63 | 0.90 | 2.37 | |
| 2015 | 1.17 | 1 | 1.01 | 0.67 | 3.85 | |
| 2014 | 2.10 | 2.05 | 1.89 | 1.56 | 7.6 | |
| 2013 | 2.12 | 1.55 | 1.79 | 1.91 | 7.37 | |
| 2012 | 2.00 | 3.41 | 2.09 | 2.20 | 9.7 | |
| 2011 | 2.14 | 2.18 | 2.13 | 1.97 | 8.42 | |
| 2010 | 1.33 | 1.60 | 1.44 | 1.85 | 6.22 | |
| 2009 | 0.92 | 0.81 | 0.98 | 1.27 | 3.98 | |
| 2008 | 2.02 | 2.22 | 2.85 | 1.57 | 8.66 | |
| 2007 | 1.62 | 1.83 | 1.70 | 2.11 | 7.26 | |
| 2006 | 1.37 | 1.72 | 1.77 | 1.76 | 6.62 | |
| 2005 | 1.22 | 1.20 | 1.58 | 1.71 | 5.71 |