EXXON MOBIL CORP Quarterly Report for Q2 Ended Jun 30, 2025

Summary

ExxonMobil Corporation (XOM) reported its financial results for the quarter and six months ended June 30, 2025. For the second quarter, net income attributable to ExxonMobil was $7.1 billion ($1.64 per diluted share), a decrease from $9.2 billion ($2.14 per diluted share) in the same period last year. This decline was primarily driven by lower crude oil prices, weaker chemical realizations, and increased expenses related to growth initiatives, partially offset by higher volumes from advantaged Upstream investments and structural cost savings. For the first six months of 2025, net income attributable to ExxonMobil was $14.8 billion ($3.40 per diluted share), compared to $17.5 billion ($4.20 per diluted share) in the first six months of 2024. The company continued to prioritize shareholder returns, distributing $8.6 billion in dividends and repurchasing $9.8 billion of common stock year-to-date. Despite lower net income, ExxonMobil maintained a strong balance sheet with a debt-to-total capital ratio of 12.6% as of June 30, 2025.

Key Highlights

• 1Net income for Q2 2025 was $7.1 billion, down from $9.2 billion in Q2 2024, attributed to lower commodity prices and higher expenses.
• 2Earnings per diluted share for Q2 2025 were $1.64, compared to $2.14 in Q2 2024.
• 3Year-to-date net income was $14.8 billion, a decrease from $17.5 billion in the prior year period.
• 4The company distributed $8.6 billion in dividends and repurchased $9.8 billion of stock in the first six months of 2025.
• 5Upstream segment earnings decreased due to lower liquid realizations, though partially offset by volume growth from the Pioneer acquisition and structural cost savings.
• 6Chemical Products segment experienced weaker margins, significantly impacting its earnings compared to the prior year.
• 7Cash capital expenditures for the first six months of 2025 were $12.3 billion, an increase from $11.8 billion in the same period last year.

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