Published 1 month ago • loading... • Updated 1 month ago

Exxon Mobil's strong fourth quarter fueled by rising production in the Permian, Guyana

Exxon Mobil reported a fourth-quarter profit of $7.39 billion, exceeding Wall Street's estimate of $1.56 per share, according to LSEG data.
The company became the largest oil producer in the Permian Basin in 2024 after acquiring Pioneer Natural Resources in May.
Exxon's total earnings for full-year 2024 were $33.46 billion, down from $38.57 billion in 2023, with shareholder returns increasing to $36 billion.
Exxon Chief Financial Officer Kathryn Mikells noted that the refining business is under pressure due to higher global fuel supply and lower demand.

Insights by Ground AI

Does this summary seem wrong?

21 Articles

All

Left

Center

Right

Investor's Business Daily

Exxon Mobil, Chevron See Another Earnings Dip In Q4 But Report Production Increases

Exxon Mobil and Chevron both reported fourth-quarter earnings and revenue early Friday. The post Exxon Mobil, Chevron See Another Earnings Dip In Q4 But Report Production Increases appeared first on Investor's Business Daily.

1 month ago

Read Full Article

Oil Price

Record Permian and Guyana Output Helps Exxon Beat Q4 Earnings Estimates

ExxonMobil (NYSE: XOM) booked consensus-beating earnings for the fourth quarter on the back of record Permian and Guyana production despite a widely expected profit decline amid lower commodity prices and weaker refining margins. Exxon on Friday reported fourth-quarter earnings of $7.6 billion, or $1.72 per share assuming dilution. This was down compared to $8.6 billion earnings for the third quarter, but higher than the $1.55 earnings per share…

1 month ago·London, United Kingdom

Read Full Article

MarketWatch

Exxon Mobil’s 2024 production was at highest level in over 10 years

Exxon Mobil’s stock gained ground after quarterly profit and free cash flow beat expectations, and production rose, while revenue fell short of forecasts.

1 month ago·United States

Read Full Article

abc News

Exxon Mobil's strong fourth quarter fueled by rising production

Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased production in Permian and Guyana

1 month ago·United States

Read Full Article

Associated Press News

+2 Reposted by 2 other sources

Exxon Mobil's strong fourth quarter fueled by rising production in the Permian, Guyana

Exxon Mobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian basin at home, and in Guyana. The Texas company earned $7.61 billion, or $1.72 per share, for the three months ended Dec. 31. It earned $7.63 billion, or $1.91 per share, in the prior-year period. Removing one time costs and charges, earnings were $1.67 per share. The results topped Wall Street expectations, though Exxon does not adjus…

1 month ago·United States

Read Full Article

CNBC

Exxon beats fourth-quarter estimates with higher Permian, Guyana output

Exxon on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.

1 month ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year