Summary
ExxonMobil Corporation reported net income attributable to shareholders of $7.713 billion ($1.76 per diluted share) for the first quarter of 2025, a slight decrease from $8.220 billion ($2.06 per diluted share) in the same period of 2024. This decline was primarily driven by a significant drop in industry refining margins and lower crude oil prices, partially offset by increased volumes from advantaged Upstream investments in the Permian and Guyana, and the positive impact of favorable timing effects from derivatives and structural cost savings. The company's Upstream segment saw increased earnings due to higher production from key growth areas, while the Energy Products segment experienced a notable earnings decrease due to normalizing refining margins. The company also continued its robust capital return program, repurchasing $4.8 billion in shares and distributing $4.3 billion in dividends to shareholders.
Financial Highlights
41 data points| Revenue | $83.13B |
| SG&A Expenses | $2.54B |
| Operating Expenses | $71.53B |
| Interest Expense | $205.00M |
| Net Income | $7.71B |
| EPS (Basic) | $1.76 |
| EPS (Diluted) | $1.76 |
| Shares Outstanding (Basic) | 4.37B |
Key Highlights
- 1Net income attributable to ExxonMobil decreased to $7.71 billion in Q1 2025 from $8.22 billion in Q1 2024, with diluted EPS falling to $1.76 from $2.06.
- 2Upstream segment earnings increased by $1.096 billion year-over-year, driven by Advantaged Volume Growth from Permian and Guyana, partly offset by lower prices and higher expenses.
- 3Energy Products segment earnings decreased significantly by $0.550 billion year-over-year, primarily due to a substantial decline in industry refining margins.
- 4Chemical Products segment earnings decreased by $0.512 billion year-over-year, impacted by weaker margins due to higher feed costs and increased expenses for advantaged projects.
- 5Cash flow from operating activities was $12.95 billion, a decrease of $1.71 billion compared to Q1 2024, largely due to unfavorable working capital changes.
- 6Capital expenditures increased to $5.94 billion in Q1 2025 from $5.27 billion in Q1 2024, with a significant portion allocated to the Upstream segment.
- 7The company returned $4.335 billion to shareholders via dividends and repurchased $4.804 billion of its own stock in Q1 2025.