ExxonMobil reports record Q1 earnings of $11.4B, production up 300k boe/d YoY ex-items

EXXON MOBIL CORP

2023-Q1 EPS reported $2.79 revenue$86,564,000,000

GAAP EPS $2.79 vs $1.28 YoY; adjusted EPS $2.83 vs $2.07 YoY.
Net production 3.83M boe/d, up ~300k boe/d YoY excluding divestments, entitlements, Sakhalin-1.
Beaumont refinery expansion reached full capacity of 250k bpd; Uaru FID in Guyana with 250k bpd gross capacity targeted for 2026.
Structural cost savings of $7.2B cumulative vs 2019; on track for $9B by end of 2023.
Free cash flow $11.4B; shareholder distributions $8.1B including $4.3B share repurchases; dividend $0.91/share.

item 2.02 item 7.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXXON MOBIL CORP reported first-quarter 2023 results: net income $11.4 billion, EPS $2.79 per share assuming dilution. Guidance reaffirmed.

Period: first-quarter 2023
Net income: $11.4 billion
EPS: $2.79 per share assuming dilution
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution.

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Source: SEC EDGAR

accession 0000034088-23-000028

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