EXXON MOBIL (XOM) Company Report

President Trump urged oil majors to commit roughly $100 billion to rebuild Venezuela’s oil sector, offering security guarantees and control of seized assets.
ExxonMobil CEO Darren Woods deemed Venezuela uninvestable under current laws, insisting on hydrocarbon-law reforms and durable investment protections before re-entry.
Oil executives largely declined to make firm commitments, citing the need for legal and commercial framework reforms to mitigate asset‐seizure risks.
Venezuela’s output has collapsed from over 3 million barrels per day to below 1 million bpd, underscoring the scale of infrastructure and manpower rebuilding required.

1 day ago

Barron's

Exxon Mobil warns of Q4 upstream earnings hit

XOM

Profit Warning

Guidance Update

Exxon Mobil warns that falling crude prices could reduce Q4 upstream earnings by $800 million to $1.2 billion, with natural gas price swings adding –$300 million to +$100 million of variability.
Offsetting factors include $600 million–$800 million from asset sales and up to $700 million from stronger refining margins, though restructuring charges and weaker chemical margins will lower results.
The company will report final Q4 results on January 30, with analysts forecasting adjusted EPS of about $1.66.
Oil prices fell 9.2% in Q4 2025, marking Brent’s worst annual decline since 2020 and the longest streak of yearly losses on record.

3 days ago

Bloomberg

Exxon Mobil outlines factors affecting Q4 2025 earnings

XOM

Earnings

Guidance Update

Exxon Mobil will publish its 4Q 2025 results on January 30, 2026 at approximately 5:30 a.m. CT via Form 8-K and its website.
3Q 2025 earnings excluding identified items totaled $8.1 B, driven by $5.7 B in Upstream and $1.8 B in Energy Products.
Estimated 4Q 2025 headwinds include $(1.2) – $(0.8) B from liquids price declines and $(0.3) – $0.1 B from gas price changes vs. 3Q 2025.
Other expected 4Q 2025 impacts: scheduled maintenance and inventory effects across segments; impairments of $(1.2) – $(1.0) B in Upstream and $(0.4) – $(0.2) B in Energy Products; and potential divestment gains of $0.6 – $0.8 B.
All estimates are forward-looking, non-comprehensive, and subject to finalization of financial reporting and risk-factor outcomes.

3 days ago

8-K

FuelCell Energy reports FY2025 revenue growth and data center focus

XOM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

FY2025 revenue rose 41% YoY to $158.2 M, with Q4 revenue up 12% to $55.0 M.
Q4 net loss per share improved to $(0.85) from $(2.21), and FY loss per share was $(7.42) vs $(7.83) a year ago.
Unrestricted cash of $278.1 M at fiscal year-end, bolstered by new EXIM debt financing, underpins the Company’s push into the data center market.
Backlog increased 2.6% to $1.19 B, driven by the Hartford Project PPA and a new LTSA with CGN-Yulchon in Korea.

Dec 18, 2025, 12:30 PM

Press Release

ExxonMobil affiliate extends FPSO lease through 2032

XOM

New Projects/Investments

SBM Offshore signed an extension to lease and operate FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, securing operations until 2032.
The agreement includes life-extension activities for equipment replacement and refurbishment to maintain high safety standards and ensure operational excellence, starting in 2026.
The contract renewal underscores SBM Offshore’s capability in managing complex offshore brownfield projects and supporting Block 15’s long-term growth objectives in Angola.

Dec 17, 2025, 7:39 PM

Press Release

Exxon Mobil highlights five mega-trends reshaping the global energy landscape in 2025

XOM

US LNG has surged: by 2030, the US is forecast to supply 30% of global LNG output, becoming the world’s largest exporter in under a decade.
China dominates rare earths: it controls ~90% of refined rare‐earth supply, critical for renewables, electronics, and defense applications.
Value destruction in UK North Sea: the Implied Long-Term Oil Price for UK assets is around US$40/barrel, a 40% discount to the OECD average of US$70/barrel.
European petrochemicals decline: ethylene capacity closures from 2022–27 will cost about US$4 billion in annual gross value added and result in over 400 job losses at Exxon Mobil’s Fife plant.
AI drives power demand: US power consumption for AI is projected to grow at a 20% CAGR through 2030, increasing pressure on gas-fired generation and electricity prices.

Dec 11, 2025, 9:30 AM

Press Release

ExxonMobil updates 2030 corporate plan targets

XOM

Guidance Update

Share Buyback

CFO Change

Revised 2030 targets: $25 billion additional earnings and $35 billion additional cash flow versus 2024, with >17% ROCE and no increase in capital.
Raised 2030 upstream production guidance to 5.5 Mboe/d, ~30% above the next closest IOC, with ~65% from advantaged, lower-cost, lower-emission assets.
Plans to invest $100 billion in major projects through 2030—reinvesting ~40% of operational cash flow—to generate $50 billion cumulative earnings and >40% returns over project lifetimes.
Committed to $20 billion of share repurchases in 2026 under reasonable market conditions, supported by surplus cash flow of ~$100 billion at $55/bbl Brent and a 9.5% net debt-to-capital ratio.
CFO transition: Kathy to retire February 1, 2026 for health reasons; Neil Hansen appointed as her successor.

Dec 9, 2025, 3:00 PM

Transcript

ExxonMobil updates 2030 earnings and cash flow guidance

XOM

Guidance Update

Share Buyback

New Projects/Investments

ExxonMobil now expects to deliver $25 billion in additional earnings and $35 billion in additional cash flow by 2030 versus 2024 on a constant price and margin basis, with no increase in capital and a return on capital employed above 17%.
Upstream production guidance increased to 5.5 million oil-equivalent barrels per day by 2030—roughly 30% higher than the next closest IOC—with about 65% of output from advantaged, low-cost, low-emissions assets.
Achieved over $14 billion in structural cost savings since 2019 (to end-Q3) and targeting $20 billion by 2030; the global supply chain is on track to deliver more than $5 billion of annual savings by 2030.
Plans to reinvest approximately 40% of operating cash flow through 2030, deploying $100 billion in major projects expected to generate about $50 billion in cumulative earnings (with >40% returns) and to maintain $20 billion of annual share repurchases, alongside a 4% dividend increase.

Dec 9, 2025, 3:00 PM

Transcript

ExxonMobil outlines 2030 corporate plan targets

XOM

Guidance Update

Share Buyback

New Projects/Investments

ExxonMobil targets ~$25 B of earnings growth and ~$35 B of cash flow from operations growth by 2030 vs. 2024, implying CAGRs of ~13% and ~10%, respectively.
The company aims for a >17% return on capital employed by 2030, with advantaged upstream production reaching ~65% of its portfolio and ~$4 B of earnings from de-risked Product Solutions projects.
Upstream production is expected to grow from 4.3 Moebd in 2024 to ~5.5 Moebd by 2030, with Permian output rising to ~2.5 Moebd over the same period.
Capital allocation includes $27–29 B of cash capex in 2026 and $28–32 B annually from 2027–2030, plus ~$20 B of share buybacks in both 2025 and 2026.

Dec 9, 2025, 3:00 PM

Presentation

ExxonMobil updates 2030 corporate plan targets

XOM

Guidance Update

New Projects/Investments

ExxonMobil raised its 2030 targets to $25 billion in additional earnings and $35 billion in additional cash flow (vs. 2024), with flat capex, targeting >17% ROCE, and boosting upstream production guidance to 5.5 million boe/d (65% advantaged assets).
The company will reinvest 40% of cash flow as cash CapEx through 2030, committing $100 billion to major projects expected to generate $50 billion in cumulative earnings and returns > 40%.
Structural cost savings reached $14 billion since 2019 through Q3 2025 and aim for $20 billion by 2030; the global supply chain and Projects organization are set to save $5 billion/year and $10 billion in capital by 2030, respectively.
A transformation to a single integrated enterprise—from 11 silos—includes a unified SAP ERP and centralized projects, technology, operations, and supply chain functions, unlocking execution excellence and scale advantages.
In Product Solutions, advantaged projects will deliver $4 billion of earnings growth by 2030; Proxima and next-gen carbon materials are early drivers, while the Baytown low-carbon hydrogen project is on hold and a first low-carbon data center FID is expected by end-2026.