ExxonMobil Q2 earnings $7.9B; record Permian/Guyana output; agrees to acquire Denbury

EXXON MOBIL CORP

2023-Q2 EPS reported $4.73 revenue$169,478,000,000

Net income of $7.88B ($1.94 diluted EPS), down 31% from Q1 on lower gas realizations and refining margins.
Record quarterly Permian and Guyana production; combined output up 20% YoY; total production 3.7M boe/d.
Agreed to acquire Denbury Inc., adding 1,300-mile CO2 pipeline network and 10 onshore sequestration sites.
Cumulative structural cost savings reach $8.3B vs 2019; on track for $9B year-end 2023 target.
Shareholder distributions of $8.0B in Q2 included $4.3B buybacks and $3.7B dividends; Q3 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 second-quarter 2023 results: net income $7.9 billion, EPS $1.94 per share.

Period: second-quarter 2023
Net income: $7.9 billion
EPS: $1.94 per share
Result: reported results

Exact text from the filing

Exxon Mobil Corporation today announced second-quarter 2023 earnings of $7.9 billion, or $1.94 per share assuming dilution.

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Source: SEC EDGAR

accession 0000034088-23-000046

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