earnings
confidence high
sentiment negative
materiality 0.80
ExxonMobil 2024 earnings $33.7B, down from $36.0B; upstream production at 10-year high
EXXON MOBIL CORP
2024-FY EPS reported
$7.84
revenue$349,585,000,000
- Full-year GAAP earnings $33.7B ($7.84 EPS) vs $36.0B in 2023; adjusted earnings $33.5B.
- Cash from operations $55.0B; free cash flow $34.4B; shareholder distributions $36.0B ($16.7B dividends, $19.3B buybacks).
- Upstream earnings $25.4B; production 4.3M boe/d (+16% YoY) with record Permian and Guyana output.
- Dividend raised 4% in Q4, declared $0.99/share for Q1 2025, payable March 10; 42 consecutive annual increases.
- Cumulative structural cost savings $12.1B since 2019; targeting $18B by 2030.