Exxon Mobil: An Exceptional Year Does Not Guarantee Future Success


  • Exxon Mobil Corporation announced its earnings for the fourth quarter and full-year 2022 on January 31, 2022. Another solid result.
  • Exxon Mobil produced 3,822K Boep/d in 4Q22, unchanged yearly and up 2.9% sequentially. The Permian delivered record production of nearly 560K Boep/d.
  • I recommend buying XOM between $106 and $108 with possible lower support at $98.1.

Exxon Announces Quarterly Earnings And That It"s Moving Headquarters To Houston

Brandon Bell


Exxon Mobil Corporation (NYSE:XOM) announced its earnings for the fourth quarter and full-year 2022 on January 31, 2022.

Note: This article is an update of my article published on October 31, 2022. I have followed XOM quarterly on


XOM 2022 Highlights (XOM Presentation)


XOM Quarterly EPS diluted history (Fun Trading)


XOM Brent and NG prices 1-Year chart (Fun Trading StockCharts)

Data by YCharts


XOM 4Q22 Production oil and NG per region (Fun Trading)

As indicated in my preceding article, Exxon Mobil announced two discoveries on October 26, 2022. The company stated that production increased year-over-year in Guyana and Permian output by over 30%.

Exxon Mobil – Historical Financial Table ending 4Q22 and Upstream Production: The Raw Numbers

Exxon Mobil 4Q21 1Q22 2Q22 3Q22 4Q22
Total Revenues and other Income in $ Billion 84.97 90.50 115.68 112.07 95.43
Net Income in $ Billion 8.87 5.48 17.85 19.66 12.75
EBITDA $ Billion 17.61 17.63 29.58 31.27 24.11
EPS diluted in $/share 2.08 1.28 4.21 4.68 3.09
Cash from operating activities in $ Billion 17.12 14.79 19.96 24.43 17.62
Capital Expenditures in $ Billion 4.09 3.91 3.84 4.88 5.78
Free Cash Flow in $ Billion 13.04 10.88 16.13 19.55 11.84
Total Cash $ Billion 6.80 11.07 18.86 30.41 29.64
Total Debt in $ Billion 47.7 47.5 46.88 45.43 41.19
Dividend per share in $ 0.88 0.88 0.88 0.91 0.91
Shares outstanding (diluted) in Billion 4.275 4.266 4.276 4.185 1.138
Oil Production 4Q21 1Q22 2Q22 3Q22 4Q22
Oil Eq Income Production in K Boepd 3,816 3,675 3,732 3,716 3,822
US Production in K Boepd 1,222 1,216 1,227 1,175 1,186
Permian Production in K Boepd 460 640 550 560 600
US Quarterly average Brent Eq. ($/b) 73.62 93.51 107.78 91.69 82.14
US Quarterly average NG ($/Kcf) 4.96 4.80 6.49 8.38 6.62


XOM Quarterly Revenues history (Fun Trading)


XOM Earnings detail per segment (Fun Trading)


XOM Quarterly Crude and NG price history (Fun Trading)


XOM Quarterly Free cash flow history (Fun Trading )

Note: Generic free cash flow is cash from operating activities minus CapEx.


XOM Quarterly Oil equivalent Production history (Fun Trading)


XOM Quarterly US Production history (Fun Trading)


XOM Quarterly US production details (Fun Trading)


XOM Quarterly Cash versus Debt history (Fun Trading)


XOM Quarterly Debt to Ebitda ratio history (Fun Trading)


XOM: 1Q23 Outlook (XOM Presentation)


XOM TA Chart short-term (Fun Trading StockCharts)

Note: The chart is adjusted for dividends.

Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I trade short-term XOM and own a long-term position as explained in my article.

Join my "Gold and Oil Corner" today, and discuss ideas and strategies freely in my private chat room. Click here to subscribe now.

You will have access to 57+ stocks at your fingertips with my exclusive Fun Trading’s stock tracker. Do not be alone and enjoy an honest exchange with a veteran trader with more than thirty years of experience.

"It’s not only moving that creates new starting points. Sometimes all it takes is a subtle shift in perspective," Kristin Armstrong.

Fun Trading has been writing since 2014, and you will have total access to his 1,988 articles and counting.

Leave a Reply

Your email address will not be published. Required fields are marked *