Earnings summaries and quarterly performance for EXXON MOBIL.
Executive leadership at EXXON MOBIL.
Board of directors at EXXON MOBIL.
Alexander Karsner
Detailed
Director
Angela Braly
Detailed
Director
Dina Powell McCormick
Detailed
Director
Jeffrey Ubben
Detailed
Director
John Harris II
Detailed
Director
Joseph Hooley
Detailed
Lead Independent Director
Kaisa Hietala
Detailed
Director
Lawrence Kellner
Detailed
Director
Maria Dreyfus
Detailed
Director
Michael Angelakis
Detailed
Director
Steven Kandarian
Detailed
Director
Research analysts who have asked questions during EXXON MOBIL earnings calls.
Devin Mcdermott
Morgan Stanley
7 questions for XOM
Also covers: COP, CVX, EQT +3 more
Ryan Todd
Simmons Energy
7 questions for XOM
Also covers: BP, COP, CVX +9 more
Biraj Borkhataria
Royal Bank of Canada
6 questions for XOM
Also covers: BP, CVX, E +3 more
Jean Ann Salisbury
Bank of America
6 questions for XOM
Also covers: CQP, CVX, DK +13 more
Neil Mehta
Goldman Sachs
6 questions for XOM
Also covers: AESI, APA, AR +36 more
Bob Brackett
Bernstein Research
5 questions for XOM
Also covers: APA, CCJ, COP +8 more
Jason Gabelman
TD Cowen
5 questions for XOM
Also covers: BP, CLMT, CLNE +19 more
Paul Cheng
Scotiabank
5 questions for XOM
Also covers: APA, BP, CLNE +20 more
Stephen Richardson
Evercore ISI
5 questions for XOM
Also covers: ALTM, COP, CVX +2 more
Arun Jayaram
JPMorgan Chase & Co.
3 questions for XOM
Also covers: APA, AR, BKR +33 more
Douglas George Blyth Leggate
Wolfe Research
3 questions for XOM
Also covers: APA, BP, COP +18 more
John Royall
JPMorgan Chase & Co.
3 questions for XOM
Also covers: CASY, CNQ, CVE +13 more
Roger Read
Wells Fargo & Company
3 questions for XOM
Also covers: APA, AR, BP +22 more
Alastair Syme
Citigroup
2 questions for XOM
Also covers: BP, COP, CVX +4 more
Betty Jiang
Barclays
2 questions for XOM
Also covers: APA, AR, BKV +14 more
Betty Zhang
Scotiabank
2 questions for XOM
Also covers: CLNE, DAR, OPAL
Doug Leggate
Wolfe Research
2 questions for XOM
Also covers: APA, AR, BP +21 more
Doug Leggett
Wolfe Research
2 questions for XOM
Also covers: DVN
Neal Dingmann
Truist Securities
2 questions for XOM
Also covers: APA, CHRD, CIVI +33 more
Paul Sankey
Sankey Research
2 questions for XOM
Also covers: CVX, VLO
Phillip Jungwirth
BMO Capital Markets
2 questions for XOM
Also covers: AR, CIVI, COP +17 more
Sam Margolin
Wells Fargo & Company
2 questions for XOM
Also covers: EQT, VLO
Wei Jiang
Barclays
2 questions for XOM
Also covers: APA, AR, BKV +9 more
Douglas Leggate
Wolfe Research
1 question for XOM
Also covers: APA, COP, CVX +5 more
Josh Silverstein
UBS Group
1 question for XOM
Also covers: CIVI, CRC, CVX +4 more
Joshua Silverstein
UBS Group AG
1 question for XOM
Also covers: AR, CHRD, COP +9 more
Lloyd Byrne
Jefferies LLC
1 question for XOM
Also covers: CIVI, COP, CVX
Recent press releases and 8-K filings for XOM.
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.
4 days ago
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.
4 days ago
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
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
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
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
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.
Dec 9, 2025, 3:00 PM
Exxon Mobil raises 2030 earnings forecast to $25 billion
XOM
Guidance Update
New Projects/Investments
- ExxonMobil increased its 2030 earnings forecast by $5 billion to $25 billion and cash-flow growth by $5 billion to $35 billion versus 2024 projections.
- Upstream production is targeted to reach 5.5 million barrels of oil equivalent per day by 2030, led by the Permian Basin, Guyana and LNG expansions.
- The company expects to generate approximately $145 billion in surplus cash flow through 2030 at a $65 Brent price, driven by portfolio optimization and a gas-heavy slate.
- Cost-cutting measures and technology advances have delivered $20 billion in savings since 2019 and lowered Permian supply costs by $5 to $30 per barrel.
- ExxonMobil will maintain annual capital expenditures of $28–33 billion through 2030 without increasing overall spending.
Dec 9, 2025, 1:14 PM
ExxonMobil Eyed to Manage West Qurna 2 Oilfield
XOM
New Projects/Investments
- Iraq’s Oil Ministry has invited major US oil companies to bid for management of the West Qurna 2 oilfield, previously operated by Lukoil.
- West Qurna 2 holds an estimated 14 billion barrels of reserves and produces 480,000 barrels per day, about 9–10% of Iraq’s output and 15% of its exports.
- Lukoil, holding a 75% stake, declared force majeure on November 4, 2025 after US/UK sanctions in October 2025; its attempted sale to Gunvor was blocked by the US Treasury.
- ExxonMobil returned to Iraq in October 2025, signing an initial agreement to develop the Majnoon oilfield and is speculated to be a leading candidate to replace Lukoil at West Qurna 2.
Dec 1, 2025, 2:43 PM
ExxonMobil to acquire 40% stake in Bahia NGL pipeline
XOM
New Projects/Investments
M&A
- ExxonMobil will pay $650 million to acquire a 40% stake in Enterprise Products’ 550-mile Bahia NGL pipeline (600,000 bpd capacity), with closing expected by early 2026 pending regulatory approval.
- Plans call for expanding the system to 1 million bpd by adding pumping capacity and constructing a 92-mile extension—dubbed the “Cowboy Connector”—to ExxonMobil’s Cowboy gas plant in New Mexico, targeting completion in Q4 2027.
- Enterprise Products Partners will operate the combined pipeline after the expansion.
- The transaction dovetails with ExxonMobil’s collaboration with BASF on methane pyrolysis for low-emission hydrogen and a demonstration plant at its Baytown Complex.
Nov 20, 2025, 5:40 PM
Quarterly earnings call transcripts for EXXON MOBIL.
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