earnings
confidence high
sentiment positive
materiality 0.75
ExxonMobil Q2 earnings $9.24B, record production; Pioneer integration beats expectations
EXXON MOBIL CORP
2024-Q2 EPS reported
$4.20
revenue$176,143,000,000
- Q2 GAAP earnings $9.24B ($2.14/share diluted), up from $8.22B Q1; YTD earnings $17.5B vs $19.3B in 2023.
- Record quarterly production 4.4M boe/d (+15% QoQ); Pioneer contributed $0.5B earnings in first two months post-close.
- Shareholder returns $9.5B in Q2 ($4.3B dividends, $5.2B buybacks); Q3 dividend $0.95/share payable Sept 10.
- Structural cost savings hit $10.7B cumulative vs 2019; FY2024 capex guided to ~$28B including Pioneer.