ExxonMobil Q1 earnings $8.2B ($2.06 EPS); Pioneer merger expected Q2 close

EXXON MOBIL CORP

2024-Q1 EPS reported $2.06 revenue$83,083,000,000

Q1 GAAP earnings $8.2B, down from $11.4B YoY; EPS $2.06 vs $2.79 prior. Cash flow from ops $14.7B.
Free cash flow $10.1B; shareholder distributions $6.8B ($3.8B dividends, $3.0B buybacks). Dividend $0.95/share.
Pioneer Natural Resources merger approved by shareholders; closing expected Q2 2024 pending regulatory OK. Buyback pace to rise to $20B/year post-close.
Guyana production exceeded 600 kboe/d; Whiptail FID for sixth development; Payara reached nameplate early.
Cumulative structural cost savings $10.1B vs 2019; on track for $15B by end-2027.

item 2.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

EXXON MOBIL CORP reported first quarter of 2024 results: net income $8,220 million, EPS $2.06 per share assuming dilution.

Period: first quarter of 2024
Net income: $8,220 million
EPS: $2.06 per share assuming dilution
Result: reported results

Exact text from the filing

ExxonMobil Announces First-Quarter 2024 Results • Generated strong first-quarter earnings of $8.2 billion and $14.7 billion of cash flow from operating activities

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

EXXON MOBIL CORP reported first quarter of 2024 results: net income $8,220 million, EPS $2.06 per share assuming dilution.

Period: first quarter of 2024
Net income: $8,220 million
EPS: $2.06 per share assuming dilution
Result: reported results

Exact text from the filing

Earnings Per Common Share 3 2.06 1.91 +0.15 2.79 -0.73

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316 earnings releases filed in the last 30 days. Browse all earnings releases →

EXXON MOBIL CORP filing history →

Source: SEC EDGAR

accession 0000034088-24-000025

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