---
schema_version: "secwatch.filing_event.v1"
accession: "0000034088-23-000028"
form_type: "8-K"
ticker: "XOM"
cik: "0000034088"
company_name: "EXXON MOBIL CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:50:35.834265+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000034088-23-000028
- form_type: 8-K
- ticker: XOM
- cik: 0000034088
- company_name: EXXON MOBIL CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34088/000003408823000028/0000034088-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34088/000003408823000028/xom-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034088-23-000028
- JSON: https://secwatch.observer/filing/0000034088-23-000028.json
- Plain text: https://secwatch.observer/filing/0000034088-23-000028.txt

## Key facts
- Earnings Releases
  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
  source text: Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution.
  evidence_url: https://www.sec.gov/Archives/edgar/data/34088/000003408823000028/0000034088-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.