Exxon Mobil: Not Much Gas Left In The Tank


  • Exxon Mobil delivered record results for earnings, operating, and free cash flows in FY 2022.
  • Exxon Mobil’s Q4’22 dividend raise was a disappointment considering the firm’s free cash flow prowess.
  • Shares are more likely to go down than up.

ExxonMobil"s Baton Rouge Refinery, Louisiana, USA


Exxon Mobil (NYSE:XOM) released a strong earnings sheet for Q4’22 which showed unprecedented profitability for the largest American oil major. Exxon Mobil’s operations generated $55.7B in earnings, $76.8B in operating cash flow and $62.1B in free cash flow, which were records for the

Source: ExxonMobil

Source: Exxon Mobil

Source: ExxonMobil

Source: Exxon Mobil

FY 2022

FY 2021


Quarter 4

Quarter 3

Quarter 2

Quarter 1

Quarter 4

Cash Flow from Operating Activities






Proceeds from Asset Sales






Cash Flow from Operations and Asset Sales






PP&E Adds / Investments & Advances






Free Cash Flow






Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Leave a Reply

Your email address will not be published.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