Exxon Mobil (XOM) -1.5% pre-market Friday after narrowly beating Wall Street expectations for Q4 adjusted earnings; shares hit an all-time intraday high of $142.34 in the previous session and have gained 16% so far in January.
Q4 net profit fell to $6.5B, or $1.53/share, from $7.6B, or $1.72/share, in the year-earlier quarter, and revenues slipped 1.3% Y/Y to $82.3B, attributed to weaker crude realizations, identified items mainly from impairments, and seasonally higher expenses, partially offset by advantaged volumes growth in Guyana and the Permian, and structural cost savings; Q4 adjusted profit totaled $7.3B, or $1.71/share.
Q4 cash flow from operating activities totaled $12.7B and free cash flow reached $5.6B; shareholder distributions during the quarter totaled $9.5B, including $4.4B of dividends and $5.1B of stock buybacks.
Oil producers generally were under pressure throughout 2025 as an oversupplied crude market pushed Brent oil futures down 19%, but Exxon’s (XOM) FY 2025 adjusted earnings fell by 10% to $30.1B, as the company focused on cutting costs.
Exxon (XOM) said its full-year net production reached its highest level in more than 40 years at 4.7M boe/day, with output from the Permian at 1.6M boe/day and Guyana exceeding 700K gross bbl/day achieving annual records.
For Q4, total net oil and gas production fell 4.6% Q/Q to 4.99M boe/day, including 1.8M boe/day in the Permian and Guyana approaching 875K gross bbl/day.
“We’re capturing more value from every barrel and molecule we produce and building growth platforms at scale – creating a long runway of profitable growth through 2030 and beyond,” CEO Darren Woods said.