XOM · ExxonMobil

474 filings

XOM SEC Filings

ExxonMobil - 474 total filings

Filing record · 2016–202610-K1110-Q338-K166

Showing 1–50 of 474 filings

ExxonMobil Quarterly Report for Q3 Ended Sep 30, 2026

ExxonMobil reported a significant increase in net income for the third quarter and first nine months of 2026 compared to the same periods in 2025. This strong performance was driven primarily by favorable market conditions, including higher crude oil prices and historically high refining margins. The company's strategic investments in advantaged projects within Upstream and Energy Products segments, coupled with ongoing structural cost savings, also contributed to improved business performance and earnings generation. Despite a challenging global market influenced by supply disruptions, ExxonMobil demonstrated robust operational execution. While total production volumes saw a slight decrease year-over-year, driven by geopolitical factors in the Middle East and Kazakhstan, this was partially offset by growth in key areas like the Permian and Guyana. The company's financial health remains strong, evidenced by healthy operating cash flows, a reduction in total debt, and a decreasing debt-to-capital ratio, allowing for continued investment in high-return projects and significant shareholder returns through dividends and share repurchases.

Nov 2, 2026 8-K

ExxonMobil 8-K Report, Financial Results (Oct 30, 2026)

ExxonMobil announced strong third-quarter 2026 results, with reported Earnings Per Share (EPS) of $3.72 and adjusted EPS of $4.23. The company highlighted record year-to-date refining operational performance and significant upstream production milestones, including reaching 1 billion barrels at both Guyana and Kearl, and 100 million tons at PNG LNG. These achievements are attributed to a decade of disciplined investment and operational excellence, contributing to industry-leading results. Further reinforcing its financial strength, ExxonMobil reported substantial cash flow from operating activities of $25.7 billion and free cash flow of $19.1 billion. Shareholder distributions remained robust, with $9.4 billion returned through dividends and share repurchases. The company also declared a fourth-quarter dividend of $1.07 per share and announced $20 billion in share repurchases for 2027, underscoring its commitment to returning value to shareholders and its long-term financial health.

Oct 30, 2026 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Oct 16, 2026)

ExxonMobil Holdings Corporation filed a Form 8-K on October 16, 2026, to provide advance disclosure of expected market and planned impacts on third-quarter 2026 earnings relative to the second quarter of 2026. This filing is primarily a Regulation FD disclosure intended to allow for a more focused comprehensive earnings release later. The company highlights that these disclosures are limited in scope and not a comprehensive estimate of third-quarter earnings, emphasizing that actual results may differ significantly due to unlisted performance factors and market dynamics. The disclosed factors indicate a projected increase in adjusted earnings for the third quarter, primarily driven by improved margins in the Energy Products and Upstream segments. These positive impacts are partially offset by decreased margins in the Chemical Products segment and a significant negative impact from changes in liquids prices. The report also details significant planned maintenance and other seasonal volume factors, as well as the effects of Middle East events and timing differences related to hedging activities. Investors should note that the "adjusted earnings" metric excludes certain items to provide a view management uses internally, and it should not be viewed in isolation or as a substitute for GAAP net income.

Oct 16, 2026 8-K

ExxonMobil 8-K Report, Corporate Update (Sep 25, 2026)

ExxonMobil filed a Form 8-K under Item 8.01 (Other Events) reporting that on September 23, 2026, Exxon Mobil Corporation, a New Jersey corporation, entered into an underwriting agreement with RBC Capital Markets, LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Securities LLC, as managers of the several underwriters named therein. Under the agreement, Exxon Mobil issued $185,883,000 aggregate principal amount of its Floating Rate Notes due 2076. The notes are to be fully and unconditionally guaranteed by ExxonMobil Holdings Corporation, a Texas corporation and a subsidiary-parent relationship described in the filing as the Company. The notes were issued under a 2014 indenture with Deutsche Bank Trust Company Americas as trustee, as supplemented by a first supplemental indenture dated June 26, 2020 and a second supplemental indenture dated July 1, 2026 among the Holdings company, Exxon Mobil and the trustee. The terms and forms of the notes were established by an officer's certificate dated September 25, 2026. The offering was made under Exxon Mobil's Form S-3 registration statement filed February 18, 2026 (Reg. No. 333-293558), as amended by Post-Effective Amendment No. 1 filed July 1, 2026. The filing attaches the underwriting agreement, the form of standard underwriting provisions, the officer's certificate, the form of global note, and legal opinions from Davis Polk & Wardwell LLP and Timothy Kim, Esq., Counsel-Corporate, which are incorporated by reference into the registration statement.

Sep 25, 2026 8-K

ExxonMobil 8-K Report, Corporate Update (Aug 28, 2026)

On August 28, 2026, XTO Energy Inc., a Delaware corporation and wholly-owned subsidiary of ExxonMobil Holdings Corporation, a Texas corporation (the "Company"), issued notices calling for the full redemption of all of its outstanding 6.10% Senior Notes due 2036, 6.75% Senior Notes due 2037, and 6.375% Senior Notes due 2038. The redemption date is September 27, 2026. Under the redemption notices, the notes will be repurchased for cash at 100% of principal amount plus a Make-Whole Amount (as defined in the notices), together with accrued and unpaid interest to the redemption date. The notices state the aggregate principal amounts outstanding as $174,435,000 for the 2036 Notes, $252,384,000 for the 2037 Notes, and $199,725,000 for the 2038 Notes. The filing itself states that it does not constitute a redemption notice and is qualified in its entirety by the attached notices. For investors holding these notes, the key points are the fixed redemption date, the make-whole pricing, and the requirement that holders in certificated or book-entry form surrender notes through the paying agent, The Bank of New York Trust Company, N.A., to receive payment. Holders are also reminded that a valid tax certification form must be received before payment to avoid maximum U.S. withholding.

Aug 28, 2026 10-Q

ExxonMobil Quarterly Report for Q2 Ended Jun 30, 2026

ExxonMobil Corporation (XOM) reported a strong financial performance for the second quarter and the first six months of 2026, driven by favorable market conditions, particularly high refining margins and elevated natural gas prices. Net income attributable to ExxonMobil significantly increased year-over-year, reaching $14.5 billion in the second quarter and $18.7 billion for the first six months. The company demonstrated robust operational execution across its segments. The Upstream segment benefited from higher crude oil realizations and growth in advantaged assets like Guyana and the Permian. Energy Products saw a substantial boost from strong refining margins and positive impacts from derivatives, despite some volume reductions due to maintenance. Chemical Products experienced improved margins, primarily driven by North American ethane advantages. The Specialty Products segment also showed increased earnings driven by higher basestock margins. ExxonMobil continued its focus on capital discipline, investing $6.8 billion in cash capital expenditures for the quarter and $13.0 billion year-to-date, with plans to invest between $27-$29 billion for the full year 2026. The company also returned significant capital to shareholders through $8.6 billion in dividends and $10.0 billion in share repurchases during the first six months. The balance sheet remains strong, with a debt-to-capital ratio of 13.7% at the end of the second quarter.

Aug 3, 2026 8-K

ExxonMobil 8-K Report, Financial Results (Jul 31, 2026)

ExxonMobil Holdings Corporation reported second-quarter 2026 U.S. GAAP earnings of $14.5 billion, or $3.48 per share, compared with $4.2 billion, or $1.00 per share, in the first quarter of 2026. Adjusted earnings were $14.7 billion, or $3.52 per share. Year-to-date GAAP earnings were $18.7 billion, versus $14.8 billion a year earlier. Cash flow from operating activities was $23.6 billion and free cash flow was $17.2 billion in the quarter. Management attributed the results to portfolio strength, structural cost savings, and product mobility during market disruption, and cited Middle East disruptions as a drag. The Upstream segment earned $7.9 billion on a GAAP basis, Energy Products $5.5 billion, and Chemical Products $1.1 billion. Shareholder distributions totaled $9.4 billion in the quarter, including $4.3 billion of dividends and $5.1 billion of share repurchases. The company declared a third-quarter dividend of $1.03 per share, payable September 10, 2026, to holders of record on August 17, 2026. Year-to-date cash capital expenditures were $13.0 billion. Quarterly results included identified items totaling $2.6 billion of negative impact, including $1.08 billion of impairments and $1.37 billion of additions to financial reserves, while estimated timing effects added $2.48 billion to adjusted earnings. Operationally, the company reported record Permian production of more than 1.8 million oil-equivalent barrels per day in the quarter and a record second-quarter diesel output. Total Upstream production was 4.51 million oil-equivalent barrels per day in the second quarter, versus 4.59 million in the first quarter. The fifth Guyana FPSO has set sail, with production start-up on plan for the fourth quarter of 2026 and added capacity of 250 thousand barrels per day. The company also reached a final investment decision on a 120 kilotonne-per-annum ProxximaTM blending expansion in Louisiana.

Jul 31, 2026 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Jul 7, 2026)

ExxonMobil Holdings Corporation furnished Exhibit 99.1 under Item 7.01 (Regulation FD) on July 7, 2026, providing a preview of factors it expects to affect second-quarter 2026 results relative to first-quarter 2026. The company states the information is not comprehensive and is not an estimate of 2Q 2026 earnings. For 1Q 2026, U.S. GAAP earnings were $4.2 billion, and adjusted earnings (non-GAAP) were $8.8 billion. The gap was driven mainly by estimated timing effects of $3.9 billion (Energy Products $3.4 billion, Upstream $0.5 billion) and other Middle East impacts of $0.7 billion. Management says timing effects typically reverse in subsequent periods, and that rising prices generally produce negative timing effects. For 2Q 2026, the filing lists estimated market effects, including a change in liquids prices of $3.5 to $3.9 billion, a change in gas prices of $(0.2) to $0.2 billion, and changes in margins of $2.0 to $2.4 billion, $1.0 to $1.2 billion and $0.3 to $0.5 billion. It also cites Middle East volume disruptions, identified impairments, and other items including reserves. Estimated timing effects for Energy Products are $2.2 to $3.0 billion. The filing notes that these estimates may not capture all adjustments and are subject to the finalization of the company's 2Q 2026 financial reporting process. The company intends to publish its 2Q 2026 financial results on its website and in a Form 8-K at approximately 5:30 a.m. CT on Friday, July 31, 2026, with a contingency plan if EDGAR filing is delayed.

Jul 7, 2026 8-K

ExxonMobil 8-K Report, Material Agreement (Jul 1, 2026)

Exxon Mobil Corporation (XOM) has completed a Redomiciliation Merger, which involved a significant corporate restructuring. The key outcome for investors is the transition from Exxon Mobil Corporation to ExxonMobil Holdings Corporation as the publicly traded entity. Shareholders of the former Exxon Mobil Corporation automatically became shareholders of ExxonMobil Holdings Corporation, retaining the same number and percentage of shares. This move is intended to maintain continuity, with ExxonMobil Holdings Corporation Common Stock expected to trade under the existing 'XOM' ticker symbol on the NYSE starting July 2, 2026. The merger also resulted in a change of corporate governance, with a new board of directors elected for ExxonMobil Holdings Corporation, though executive officers largely remain the same.

Jul 1, 2026 8-K

ExxonMobil 8-K Report, Shareholder Vote Results (May 29, 2026)

Exxon Mobil Corporation (XOM) held its Annual Meeting of Shareholders on May 27, 2026, with a strong turnout of approximately 87.8% of outstanding shares voted. The meeting's primary outcomes involved shareholder voting on director elections and several management and shareholder proposals. All twelve of the Board's director nominees were overwhelmingly re-elected, indicating continued shareholder confidence in the current leadership. The company also secured significant shareholder approval for the ratification of its independent auditors and the advisory vote on executive compensation. However, the meeting also highlighted areas of shareholder concern and divergence from management recommendations. While the proposed redomiciliation to Texas received majority support (71.2%), a notable portion of shareholders voted against it. Furthermore, two shareholder proposals, one advocating for an independent board chair and another seeking modifications to the voluntary retail voting program, were overwhelmingly defeated, reinforcing management's preferred governance structures. The significant broker non-votes on several proposals suggest a considerable portion of shares were not actively voted by beneficial owners, a common trend in large public companies.

May 29, 2026 10-Q

ExxonMobil Quarterly Report for Q1 Ended Mar 31, 2026

ExxonMobil Corporation (XOM) reported a net income of $4.2 billion for the first quarter of 2026, a decrease from $7.7 billion in the same period of 2025. This decline was primarily attributed to unfavorable mark-to-market effects on derivatives and higher depreciation expenses, partially offset by improved prices, higher volumes from advantaged Upstream investments (Guyana and Permian), and structural cost savings. The company's financial position remains robust, with a commitment to capital discipline and shareholder returns, evidenced by significant share repurchases and dividends paid during the quarter. However, increased capital expenditures and a slight uptick in the debt-to-capital ratio warrant investor attention. The Upstream segment saw a decrease in earnings due to lower gas realizations and Middle East disruptions, but record Guyana production provided a partial offset. The Energy Products segment experienced a significant earnings decrease due to unfavorable derivative impacts, though margin improvements and trading results were positive. Chemical and Specialty Products segments reported lower earnings, impacted by compressed margins and increased feed costs. The company continues to navigate volatile market conditions, including geopolitical impacts on oil supply and natural gas prices, while also managing its extensive portfolio of operations and investments.

May 4, 2026 8-K

ExxonMobil 8-K Report, Executive Changes (May 4, 2026)

Exxon Mobil Corporation (XOM) has filed an 8-K report detailing a significant change in its principal accounting officer. Len M. Fox, the current Vice President, Controller and Tax, has announced his intention to retire effective July 1, 2026. Mr. Fox's retirement marks the end of his tenure in a critical financial leadership role within the company. To ensure a smooth transition, the company has appointed Susan Buchanan as the new Vice President and Chief Accounting Officer, also effective July 1, 2026. Ms. Buchanan will assume the responsibilities of Controller. Her extensive background within ExxonMobil, including recent leadership roles in Global Business Solutions and Strategy and Business Development for Upstream, positions her well for this new challenge. Investors should monitor this transition for any impact on financial reporting and controls.

May 4, 2026 8-K

ExxonMobil 8-K Report, Financial Results (May 1, 2026)

ExxonMobil reported first-quarter 2026 U.S. GAAP earnings of $4.2 billion, or $1.00 per diluted share, down from $7.7 billion ($1.76) in 1Q25 and $6.5 billion ($1.53) in 4Q25. The headline figure is depressed by a $3.9 billion unfavorable estimated timing effect, which reflects mark-to-market losses on unsettled derivatives where the offsetting physical shipments are not yet recognized, and by a $0.7 billion identified item tied to losses on settled financial hedges not offset by physical shipments amid Middle East supply disruptions. Excluding identified items, earnings were $4.9 billion ($1.16 per share). Excluding both identified items and timing effects, earnings were $8.8 billion ($2.09 per share), up from $7.6 billion in 1Q25, which management attributes to higher prices and margins, advantaged volume growth, and structural cost savings, partly offset by higher expenses and Middle East volume impacts. These timing effects are expected to unwind in later periods, so investors should weigh the underlying figure more heavily than the reported number when judging run-rate performance. Cash generation and shareholder returns remained solid despite the earnings headwinds. Cash flow from operations was $8.7 billion ($13.8 billion excluding margin postings), and free cash flow was $2.7 billion, down from $8.8 billion a year earlier. Shareholder distributions totaled $9.2 billion, including $4.3 billion in dividends and $4.9 billion in buybacks, with the company stating it remains on pace for $20 billion of repurchases in 2026 under reasonable market conditions. The board declared a $1.03 per share second-quarter dividend. Balance sheet metrics stayed strong, with a debt-to-capital ratio of 15.4% and a net-debt-to-capital ratio of 13.1%, though total debt rose to roughly $47.7 billion and cash fell to $8.4 billion. Operationally, Upstream production averaged 4.6 million oil-equivalent barrels per day, with Guyana setting a quarterly record above 900 thousand gross barrels per day, and Golden Pass LNG Train 1 achieved first LNG, lifting U.S. LNG exports by about 5%. Energy Products posted a reported loss of $1.3 billion, though excluding identified items and timing effects it earned $2.8 billion. Cash capital expenditures were $6.2 billion, within the $27-29 billion full-year guidance range. The company also highlighted $15.6 billion in cumulative Structural Cost Savings since 2019, with a 2030 target of $20 billion.

May 1, 2026 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Apr 8, 2026)

ExxonMobil's April 8, 2026 Form 8-K, filed under Item 7.01 (Regulation FD), previews the factors affecting its first-quarter 2026 results, which will be reported on May 1, 2026. The filing is not an earnings estimate. Management says first-quarter earnings per share are expected to exceed fourth-quarter 2025 levels, excluding unfavorable timing effects that are expected to reverse over time. Fourth-quarter 2025 GAAP earnings were $6.5 billion, or $7.3 billion excluding identified items. The main drivers of the change are higher liquids prices (roughly +$1.9 to +$2.3 billion) and higher gas prices (roughly +$0.2 to +$0.6 billion), offset by large unfavorable timing effects from derivative mark-to-market and LIFO accounting. Those timing effects are estimated at approximately ($4.9) to ($3.5) billion versus fourth quarter, with about ($4.1) to ($3.3) billion in Energy Products and ($0.8) to ($0.2) billion in Upstream. The company also expects quarter-end cash outflows from margin postings of comparable value. The filing's most significant new information concerns the Middle East conflict. Qatar and UAE assets, which accounted for about 20% of ExxonMobil's 2025 global oil-equivalent production, began experiencing production disruptions in March. Management expects these disruptions to reduce global oil-equivalent production by about 6% in the first quarter compared with the fourth quarter of 2025. Attacks damaged two LNG trains in Qatar, which represented about 3% of 2025 Upstream production, and public reports indicate repairs will take a prolonged period. Middle East disruptions and reduced crude availability at Asia Pacific operations are also expected to reduce global Energy Products throughput by about 2%. Separately, roughly ($0.6) to ($0.8) billion of first-quarter earnings impact from a settled financial hedge that was not offset by a physical shipment is classified within identified items. For investors, the filing presents a mixed picture: underlying commodity prices and strong operating momentum are offset by timing-related accounting headwinds and direct supply disruptions in the Middle East. The company also highlighted positive developments, including Permian production targeted at 1.8 million oil-equivalent barrels per day in 2026 and first LNG production from Golden Pass LNG Train 1 on March 30, 2026. The forward-looking statements and non-GAAP disclaimers should be read in full, as the estimates are preliminary and subject to finalization.

Apr 8, 2026 8-K

ExxonMobil 8-K Report, Corporate Update (Mar 31, 2026)

Exxon Mobil Corporation (XOM) has announced the successful issuance and sale of $169,312,000 aggregate principal amount of its Floating Rate Notes due 2076. This offering, conducted under a standard underwriting agreement with prominent financial institutions like RBC Capital Markets, J.P. Morgan Securities, and UBS Securities, represents a strategic move to bolster the company's capital structure and potentially fund ongoing operations, strategic initiatives, or debt management. The issuance was made pursuant to the company's effective shelf registration statement on Form S-3, indicating that these notes were pre-authorized for sale. The floating rate nature of the notes suggests XOM is hedging against potential interest rate increases or seeking a more flexible cost of borrowing over the long tenor of the debt. Investors in these notes gain exposure to ExxonMobil's creditworthiness with a coupon that will adjust based on market interest rates.

Mar 31, 2026 8-K

ExxonMobil 8-K Report, Executive Changes (Feb 20, 2026)

ExxonMobil Corp. (XOM) announced on February 18, 2026, that Mr. Jeffrey W. Ubben will not seek re-election to the company's board of directors at the upcoming annual meeting of shareholders scheduled for May 27, 2026. Mr. Ubben's decision is stated to be unrelated to the company's operations or performance. He will continue to serve his remaining term until the annual meeting. Mr. Ubben has been a director for five years, and his departure marks the end of his tenure on the board. The company's leadership, including CEO Darren Woods, expressed gratitude for Mr. Ubben's contributions, specifically highlighting his expertise in 'returns-driven, environmentally focused investing' and his positive impact on the company's strategic thinking. Investors should note that this is a director stepping down due to personal reasons and not a reflection of immediate operational or financial distress.

Feb 20, 2026 10-K

ExxonMobil Annual Report, Year Ended Dec 31, 2025

Exxon Mobil Corporation's 2025 10-K filing highlights a year of robust operational performance across its key segments, despite a dynamic global energy market. The company demonstrated strong production growth, particularly in the Permian Basin and Guyana, contributing to record upstream output. Energy Products benefited from improved refining margins driven by strong demand and supply disruptions, while Chemical Products experienced bottom-of-cycle margins due to oversupply. Specialty Products delivered solid earnings, driven by premium lubricant performance and growth in advanced materials. Financially, the company reported a decrease in net income compared to 2024, primarily due to lower commodity prices and increased expenses. However, ExxonMobil maintained a strong financial position, with significant cash flow from operations, disciplined capital allocation, and a continued commitment to share repurchases and dividends. The company also detailed its ongoing investments in lower-emission opportunities, including carbon capture and storage, hydrogen, and advanced recycling technologies, positioning itself for the evolving energy landscape. Management emphasizes its integrated business model, technological capabilities, and disciplined approach as key strengths for navigating market volatility and driving long-term shareholder value. The report also confirms the company's effective internal controls over financial reporting and provides detailed operational and financial data across its global operations.

Feb 18, 2026 8-K

ExxonMobil 8-K Report, Financial Results (Jan 30, 2026)

ExxonMobil reported full-year 2025 U.S. GAAP earnings of $28.8 billion, or $6.70 per share, down from $33.7 billion ($7.84 per share) in 2024. Excluding identified items (primarily impairments, asset sales, restructuring charges, and tax items), earnings were $30.1 billion, or $6.99 per share, versus $33.5 billion in 2024. The decline was driven by weaker crude realizations, lower chemical margins, higher depreciation, and lower interest income, partially offset by advantaged volume growth, structural cost savings, and stronger industry refining margins. Fourth-quarter GAAP earnings were $6.5 billion ($1.53 per share), down from $7.5 billion in the third quarter. Operationally, the company highlighted its highest annual Upstream production in more than 40 years (4.7 million oil-equivalent barrels per day), record refinery throughput, and the startup of Yellowtail, Bacalhau, and all ten key projects. Cash flow from operations was $52.0 billion and free cash flow was $26.1 billion, which covered $37.2 billion of shareholder distributions ($17.2 billion in dividends and $20.0 billion in buybacks), so the gap was funded partly from the balance sheet. Year-end cash fell to $10.7 billion, and the net-debt-to-capital ratio was 11.0%. For investors, the key forward-looking items are a $1.03 first-quarter dividend (a 4% increase in the quarterly rate), a plan to repurchase $20 billion of shares through 2026 under reasonable market conditions, 2026 cash capital expenditures guidance of $27-$29 billion, and Structural Cost Savings targeted at $20 billion by 2030. The company also expects first cargoes from Golden Pass LNG in the first quarter of 2026.

Jan 30, 2026 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Jan 7, 2026)

ExxonMobil (XOM) filed this 8-K under Item 7.01 (Regulation FD) to furnish a 4Q 2025 'Earnings Considerations' exhibit. It is not a full earnings report or an estimate of 4Q 2025 earnings. It lists management's estimated effects of market, planned, seasonal, and identified items on 4Q 2025 results relative to 3Q 2025. The company will publish its full 4Q 2025 results on January 30, 2026, at approximately 5:30 a.m. CT, on its website and via 8-K. The baseline is 3Q 2025 U.S. GAAP earnings of $7.5 billion, or $8.1 billion excluding identified items (Upstream $5.7B, Energy Products $1.8B, Chemical Products $0.5B, Specialty Products $0.7B, Corporate & Financing -$0.7B on an adjusted basis). The most significant estimated headwind is lower liquids (crude, condensate, NGL) prices, estimated at a $0.8 billion to $1.2 billion negative impact. Gas prices are estimated at a $0.3 billion negative to $0.1 billion positive effect. Industry margins are estimated to be a $0.0 to $0.7 billion tailwind in aggregate across segments, with timing effects, scheduled maintenance, and year-end inventory effects being smaller and mixed. Identified items are the largest source of uncertainty. Impairments are estimated at roughly $1.0 billion to $1.2 billion in Upstream, with additional impairments in other segments. Divestments are estimated to add $0.6 billion to $0.8 billion, and restructuring charges are estimated at $0.0 billion to $0.2 billion. The company explicitly cautions that these figures exclude operating performance, unscheduled downtime, and FX effects, and that the ranges are subject to finalization of its 4Q 2025 financial close and are forward-looking.

Jan 7, 2026 8-K

ExxonMobil 8-K Report, Executive Changes (Dec 9, 2025)

ExxonMobil Corporation (XOM) announced a significant leadership transition in its finance department. Kathryn A. Mikells, Senior Vice President and Chief Financial Officer (CFO), has announced her intention to retire effective February 1, 2026, to focus on her health recovery. Ms. Mikells' departure marks the end of her tenure in a critical financial role for the company. In conjunction with Ms. Mikells' retirement, ExxonMobil has appointed Neil A. Hansen as her successor, effective February 1, 2026. Mr. Hansen brings extensive experience within the company, having most recently served as President of ExxonMobil Global Business Solutions. His background includes various senior finance roles, including a previous stint in Investor Relations, which should provide a smooth transition and maintain continuity in financial strategy. Investors will be interested in Mr. Hansen's leadership and the continued execution of ExxonMobil's financial objectives.

Dec 9, 2025 8-K

ExxonMobil 8-K Report, Corporate Update (Nov 18, 2025)

ExxonMobil Corporation (XOM) has announced its intention to release details regarding its Corporate Plan, including significant capital plans extending to 2030. This crucial update is scheduled for release on December 9, 2025, at 6:00 a.m. U.S. Central time, and will be accessible via the Investors section of the company's website. Investors should note that this release will provide forward-looking information on the company's strategic direction and investment strategies. Following the initial release, ExxonMobil will host a live broadcast, commencing at 9:00 a.m. U.S. Central time on the same day. This session will include a presentation of select materials and a question-and-answer period specifically with sell-side analysts. This event represents a key opportunity for investors to gain deeper insights into the company's long-term objectives, financial outlook, and how it plans to navigate the evolving energy landscape through the end of the decade.

Nov 18, 2025 8-K

ExxonMobil 8-K Report, Corporate Update (Nov 13, 2025)

Exxon Mobil Corporation (XOM) has announced the issuance and sale of $111,949,000 aggregate principal amount of its Floating Rate Notes due 2075. This offering was made through an underwriting agreement with a syndicate of prominent financial institutions, including RBC Capital Markets, Citigroup, Deutsche Bank, J.P. Morgan, and UBS. The notes will mature in 2075 and carry a floating interest rate, providing flexibility in a changing interest rate environment. The issuance is being conducted under ExxonMobil's existing shelf registration statement on Form S-3, indicating that the company has a well-established framework for raising capital. This move suggests the company is proactively managing its capital structure and potentially funding future investments, operational needs, or refinancing existing debt. Investors should note that the specific use of proceeds is not detailed in this 8-K filing, but the scale of the offering signifies a material capital markets transaction for the company.

Nov 13, 2025 10-Q

ExxonMobil Quarterly Report for Q3 Ended Sep 30, 2025

ExxonMobil Corporation (XOM) reported its third quarter and year-to-date results for the period ending September 29, 2025. The company experienced a decrease in net income for both the three and nine-month periods compared to the prior year. Third quarter net income attributable to ExxonMobil was $7.55 billion, down from $8.61 billion in the same period last year. For the nine months ended September 30, 2025, net income was $22.34 billion, a decline from $26.07 billion in the corresponding period of 2024. This earnings decline was primarily attributed to weaker commodity prices, particularly for crude oil, and lower chemical margins, compounded by increased expenses related to growth initiatives. These factors were partially offset by stronger refining margins and increased volumes from advantaged upstream investments. Despite the dip in net income, the company demonstrated strong cash flow generation from operations, though slightly lower than the previous year. Significant capital expenditures were made in the Upstream segment, reflecting ongoing investments in growth projects like those in Guyana and the Permian Basin. ExxonMobil continued its commitment to shareholder returns through substantial dividend payments and aggressive share repurchases, allocating $12.9 billion to dividends and $14.9 billion to stock buybacks in the first nine months of 2025. The company maintains a strong balance sheet with a manageable debt-to-capital ratio.

Nov 3, 2025 8-K

ExxonMobil 8-K Report, Executive Changes (Nov 3, 2025)

Exxon Mobil Corporation (XOM) announced a change to its Board of Directors via an 8-K filing on November 3, 2025. Effective November 3, 2025, Greg C. Garland has been elected as a new non-employee director. This appointment is significant as it introduces a new perspective and experience to the board's oversight functions. Mr. Garland will be an active participant in key committees, specifically joining the Audit Committee and the Finance Committee, demonstrating his expected contributions to financial scrutiny and strategic financial planning.

Nov 3, 2025 8-K

ExxonMobil 8-K Report, Financial Results (Oct 31, 2025)

ExxonMobil reported third-quarter 2025 U.S. GAAP net income of $7.5 billion ($1.76 per share, assuming dilution), up $466 million from the second quarter but down from $8.6 billion in the year-ago quarter. Excluding $510 million of identified items (a $355 million restructuring charge and $155 million of impairments), earnings were $8.1 billion ($1.88 per share). Cash flow from operations was $14.8 billion and free cash flow was $6.3 billion. Year-to-date earnings were $22.3 billion, down about 14% from $26.1 billion a year earlier, mainly due to weaker crude realizations, bottom-of-cycle chemical margins, higher depreciation, and lower base volumes from divestments. Growth in the Permian and Guyana, along with structural cost savings, partially offset these headwinds. Shareholder returns remain a central theme. The company distributed $9.4 billion in the quarter, including $4.2 billion in dividends and $5.1 billion in buybacks, and raised its fourth-quarter dividend 4% to $1.03 per share, extending 43 consecutive years of annual dividend growth. Year-to-date distributions total $27.8 billion, and the company remains on track for its planned $20 billion of 2025 share repurchases, with $14.9 billion completed through September. Balance sheet metrics are strong, with a debt-to-capital ratio of 13.5%, net debt-to-capital of 9.5%, and $13.9 billion of period-end cash. Operationally, Upstream production reached a record 4.8 million oil-equivalent barrels per day in the quarter, with the Permian near 1.7 million and Guyana above 700,000. The Yellowtail project started up four months ahead of schedule and under budget, and the Hammerhead project in Guyana received a final investment decision. Management reports eight of ten key 2025 projects have started up, with the remaining two on track. Cumulative Structural Cost Savings exceed $14 billion since 2019, with a target of more than $18 billion by 2030. Full-year cash capital expenditures are expected to come in slightly below the low end of the $27 to $29 billion guidance range, excluding acquisitions.

Oct 31, 2025 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Oct 6, 2025)

ExxonMobil's Form 8-K (Item 7.01, Regulation FD) furnishes Exhibit 99.1, a preliminary bridge of factors expected to move 3Q 2025 results relative to 2Q 2025. The company reported 2Q25 U.S. GAAP earnings of $7.1 billion, with no Identified Items, so 2Q25 earnings excluding Identified Items were also $7.1 billion. Upstream contributed $5.4 billion, Energy Products $1.4 billion, Chemical Products $0.3 billion, Specialty Products $0.8 billion, and Corporate & Financing a $(0.8) billion loss. The directional guidance is mixed. Market factors include an estimated liquids price effect of $(0.1) to $0.3 billion, a gas price effect of $(0.2) to $0.2 billion, and industry margin effects that appear to be favorable for Energy Products ($0.3 to $0.7 billion). Timing effects, mainly from unsettled derivatives and LIFO-related mismatches, are estimated at $(0.4) to $0.0 billion for one segment and $(0.2) to $0.2 billion for another. Scheduled maintenance is modest, and the company identified restructuring costs of $(0.6) to $(0.4) billion as an Identified Item for 3Q25. The exhibit is explicitly not an earnings estimate. It excludes operating performance, unscheduled downtime, and FX, and the figures remain subject to the company's 3Q25 close. ExxonMobil plans to release full 3Q25 results on or around October 31, 2025, at approximately 5:30 a.m. CT via its website and EDGAR.

Oct 6, 2025 10-Q

ExxonMobil Quarterly Report for Q2 Ended Jun 30, 2025

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.

Aug 4, 2025 8-K

ExxonMobil 8-K Report, Financial Results (Aug 1, 2025)

ExxonMobil reported second-quarter 2025 U.S. GAAP earnings of $7.1 billion, or $1.64 per diluted share, down from $7.7 billion ($1.76) in the first quarter and $9.2 billion ($2.14) in the year-ago quarter. Cash flow from operating activities was $11.5 billion and free cash flow was $5.4 billion. Year-to-date earnings were $14.8 billion versus $17.5 billion in the first half of 2024, with no identified items in either period, so reported and adjusted earnings are identical. Upstream production hit 4.6 million oil-equivalent barrels per day, the highest second-quarter output since the Exxon-Mobil merger, driven by Permian and Guyana growth and the Pioneer acquisition. Shareholder distributions totaled $9.2 billion in the quarter ($4.3 billion in dividends and $5.0 billion in buybacks), and management says it is on pace to repurchase $20 billion of shares in 2025. The balance sheet remains strong, with a 13% debt-to-capital ratio and an 8% net-debt-to-capital ratio, and the company repaid $4.7 billion of debt year-to-date. A third-quarter dividend of $0.99 per share was declared, payable September 10, 2025. Management also reported startup of several downstream projects (Singapore Resid Upgrade, Fawley Hydrofiner, Strathcona Renewable Diesel) and reiterated full-year cash capex guidance of $27 billion to $29 billion. The main investor concerns are the sequential and year-over-year earnings decline, which reflects weaker crude realizations, higher depreciation, and weaker chemical margins, and Chemical Products earnings that fell nearly $1 billion year-to-date. Management attributes the earnings decline mainly to commodity prices, while growth in production volume, cost savings, and new projects is presented as the offset. The filing is a furnished earnings release and investor data summary under Items 2.02 and 7.01, not a new financial disclosure of guidance changes.

Aug 1, 2025 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Jul 7, 2025)

ExxonMobil's July 7, 2025 Form 8-K (Item 7.01, Regulation FD) furnishes Exhibit 99.1, a preview of the factors management expects to move 2Q 2025 results relative to 1Q 2025. It is not an earnings estimate. The starting point is 1Q 2025 U.S. GAAP earnings of $7.7 billion, with no Identified Items, so the non-GAAP and GAAP figures are the same. The segment breakdown was Upstream $6.8B, Energy Products $0.8B, Chemical Products $0.3B, Specialty Products $0.7B, and Corporate & Financing $(0.8)B. The main headwind disclosed is commodity prices. Management estimates the change in liquids prices (crude, condensate, and NGL realizations at prior-period volumes) at a $0.8B to $1.2B negative impact, and the change in gas prices (including LNG and settled gas trading) at a $0.3B to $0.7B negative impact. Market-driven industry margins are expected to be a modest positive, and timing effects from unsettled derivatives and LIFO-related differences are expected to be mixed. Planned scheduled maintenance is expected to be roughly neutral to slightly negative, depending on segment. For investors, the filing signals that 2Q 2025 earnings are likely to be softer than 1Q 2025, primarily because of lower oil and gas realizations, partly offset by margin and timing effects. The company explicitly excludes operating performance, unscheduled downtime, foreign exchange, and cost seasonality from these estimates, and it notes that the list may not be complete. Full 2Q 2025 results are scheduled for release on August 1, 2025, at approximately 5:30 a.m. CT, on the company's website and via Form 8-K.

Jul 7, 2025 8-K

ExxonMobil 8-K Report, Shareholder Vote Results (May 30, 2025)

Exxon Mobil Corporation (XOM) filed an 8-K detailing the results of its Annual Meeting of Shareholders held on May 28, 2025. The filing indicates strong shareholder support for the company's slate of directors, with all twelve nominees being overwhelmingly elected. Shareholder turnout was robust, with 83.9% of eligible shares participating in the vote, underscoring investor engagement. Furthermore, the meeting saw decisive approval for the ratification of the company's independent auditors and an advisory vote to approve executive compensation. While both management proposals received significant backing, investors should note the advisory vote on executive compensation, which passed with 92.0% of the votes cast, demonstrating a high level of confidence, albeit with a slightly lower percentage compared to director elections and auditor ratification.

May 30, 2025 10-Q

ExxonMobil Quarterly Report for Q1 Ended Mar 31, 2025

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.

May 5, 2025 8-K

ExxonMobil 8-K Report, Financial Results (May 2, 2025)

ExxonMobil reported first-quarter 2025 earnings of $7.7 billion, or $1.76 per diluted share, compared with $8.2 billion ($2.06 per share) in the first quarter of 2024 and $7.6 billion ($1.72 per share) in the fourth quarter of 2024. Earnings excluding identified items were flat sequentially on a per-share basis at $1.76 versus $1.67 in Q4 2024 on an adjusted basis, with no identified items in Q1 2025. Cash flow from operations was $13.0 billion and free cash flow was $8.8 billion, and the company returned $9.1 billion to shareholders, including $4.3 billion in dividends and $4.8 billion in share repurchases, consistent with its $20 billion annual buyback program through 2026. The year-over-year decline in earnings was driven by significantly weaker industry refining margins, lower crude prices, and higher expenses, partly offset by Permian and Guyana volume growth following the Pioneer acquisition, structural cost savings of $12.7 billion cumulative versus 2019, and favorable timing effects. Upstream earnings rose to $6.8 billion, up $1.1 billion year over year, while Energy Products ($827 million), Chemical Products ($273 million), and Specialty Products ($655 million) all declined from prior-year levels, and Corporate and Financing charges widened to $798 million. Balance sheet metrics remained strong, with a debt-to-capital ratio of 12% and net-debt-to-capital of 7%, after $4.6 billion of debt repayment in the quarter. Management also highlighted the start-up of the China Chemical Complex and a second advanced recycling unit in Baytown, and expects 10 advantaged projects to add more than $3 billion of earnings in 2026. The company declared a second-quarter dividend of $0.99 per share, payable June 10, 2025.

May 2, 2025 8-K

ExxonMobil 8-K Report, Executive Changes (Apr 3, 2025)

Exxon Mobil Corporation (XOM) has filed an 8-K report announcing a significant leadership change within its Product Solutions segment. Karen T. McKee, who holds the positions of president of ExxonMobil Product Solutions Company, vice president of Exxon Mobil Corporation, and is recognized as a named executive officer, has announced her intention to retire. Her retirement is set to be effective May 1, 2025. This change, while related to a specific segment president, is noteworthy for investors as it involves a named executive officer. Investors will likely look for updates regarding the succession plan for Ms. McKee's critical role, as the Product Solutions segment is a key contributor to ExxonMobil's overall performance. The company's ability to manage this transition smoothly and appoint a qualified successor will be important for maintaining operational continuity and strategic execution within this division.

Apr 3, 2025 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Apr 3, 2025)

ExxonMobil's Exhibit 99.1 is a pre-earnings preview of factors expected to affect 1Q 2025 results relative to 4Q 2024. It starts from a 4Q24 U.S. GAAP earnings base of $7.6 billion, or $7.4 billion excluding identified items. The Upstream segment accounts for most of that base ($6.5 billion GAAP, $6.3 billion excluding items), while Energy Products, Chemical Products, and Specialty Products contribute much less, and Corporate & Financing is a $0.2 billion drag. The company explicitly says the figures are not an earnings estimate and are not comprehensive, so investors should not read them as guidance. The estimated market effects are mixed but lean positive, driven mainly by Upstream. Upstream industry margins are estimated at +$0.3 to +$0.7 billion, and liquids and gas price changes at $0.0 to +$0.4 billion each. Timing effects tied to derivatives and LIFO accounting are estimated at +$0.1 to +$0.5 billion. Chemical industry margins are estimated at a negative $0.1 to $0.3 billion. Planned and seasonal factors partly offset these gains: fewer days in 1Q25 versus 4Q24 reduce earnings by roughly $0.3 to $0.1 billion in Upstream and $0.2 to $0.0 billion in Energy Products, and scheduled maintenance adds cost in several segments. The filing also gives the timing for the full 1Q 2025 results, which are expected around 5:30 a.m. CT on Friday, May 2, 2025, on the company website and via Form 8-K. The disclosure is Regulation FD compliance and sets out the framework management uses for Identified Items, which are typically items of at least $250 million at the corporate level. Management's own caveats, including unscheduled downtime, foreign exchange, and operating performance, mean the actual outcome could differ materially from these ranges.

Apr 3, 2025 8-K

ExxonMobil 8-K Report, Corporate Update (Apr 1, 2025)

Exxon Mobil Corporation (XOM) has announced the issuance and sale of $192.8 million in aggregate principal amount of Floating Rate Notes due 2075. This debt offering was facilitated through an Underwriting Agreement with a syndicate of major financial institutions, including Morgan Stanley & Co. LLC and UBS Securities LLC, acting as joint book-running managers. The issuance is registered under the company's existing Form S-3 filed in March 2023. This move signifies ExxonMobil's continued access to capital markets to fund its operations or strategic initiatives. The issuance of floating-rate notes suggests a potential strategy to manage interest rate risk or align borrowing costs with evolving market conditions. Investors should monitor how these proceeds are utilized and the impact on the company's leverage and financial flexibility.

Apr 1, 2025 10-K

ExxonMobil Annual Report, Year Ended Dec 31, 2024

Exxon Mobil Corporation's (XOM) 2024 10-K filing reveals a year marked by strategic growth and operational adjustments. A significant highlight was the successful acquisition of Pioneer Natural Resources Company, a move expected to bolster ExxonMobil's upstream portfolio, particularly in the Permian Basin. The company's financial performance, while impacted by fluctuating commodity prices and refining margins, demonstrated resilience. ExxonMobil continues to invest in both traditional energy production and the development of lower-emission solutions, including carbon capture and storage, hydrogen, and lithium, underscoring a commitment to a balanced energy future. Shareholder returns remain a focus, with continued share repurchases and dividends, supported by strong cash flow generation. The company's disciplined capital allocation strategy prioritizes low-cost-of-supply opportunities, aiming to maximize value across its integrated businesses. ExxonMobil's robust risk management framework and commitment to operational efficiency position it to navigate the evolving energy landscape and deliver long-term value to its stakeholders.

Feb 19, 2025 8-K

ExxonMobil 8-K Report, Financial Results (Jan 31, 2025)

ExxonMobil reported full-year 2024 U.S. GAAP earnings of $33.7 billion, or $7.84 per share assuming dilution, down from $36.0 billion ($8.89 per share) in 2023. Excluding identified items, earnings were $33.5 billion versus $38.6 billion a year earlier. The decline was driven mainly by weaker industry refining margins and lower natural gas prices, partly offset by record Guyana and Permian production, record high-value product sales, and $2.4 billion of additional structural cost savings. Fourth-quarter earnings were $7.6 billion ($1.72 per share), down from $8.6 billion in the third quarter. Cash flow from operating activities was $55.0 billion and free cash flow was $34.4 billion for the year. Shareholder distributions remained the central message: $36.0 billion was returned in 2024, comprising $16.7 billion in dividends and $19.3 billion in share repurchases. The first-quarter 2025 dividend was declared at $0.99 per share, a 4% increase on the fourth-quarter rate, and the company extended its $20 billion annual buyback program through 2026. Management also highlighted a 12.7% return on average capital employed for 2024 and a 10.8% five-year average, with a debt-to-capital ratio of 13% and a net-debt-to-capital ratio of 6%. Cumulative structural cost savings since 2019 reached $12.1 billion, with a target of $18 billion by 2030. Investors should weigh the earnings decline against the stronger production base and balance sheet. Upstream earnings rose to $25.4 billion on record output of 4.3 million oil-equivalent barrels per day, while Energy Products earnings fell sharply to $4.0 billion from $12.1 billion. Capital and exploration spending of $27.6 billion was in line with guidance. The filing is an earnings release furnished under Items 2.02 and 7.01, and it includes forward-looking statements subject to the risks described in the company's 2023 Form 10-K.

Jan 31, 2025 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Jan 7, 2025)

ExxonMobil's January 7, 2025 Form 8-K (Item 7.01, Regulation FD) furnishes Exhibit 99.1, a preview of factors expected to affect fourth-quarter 2024 results relative to third-quarter 2024. It is not an earnings estimate. The company starts from 3Q24 U.S. GAAP earnings of $8.6 billion, which had no Identified Items, so 3Q24 GAAP and non-GAAP earnings are identical. Management gives ranges for each factor, not a total 4Q24 figure, and notes the list is not comprehensive and excludes operating performance, unscheduled downtime, and foreign exchange. The largest disclosed market headwind is lower liquids prices, estimated at a $0.5 billion to $0.9 billion reduction in Upstream earnings. Higher gas prices partly offset this, with an estimated $0.0 billion to $0.4 billion Upstream benefit. Energy Products, Chemical Products, and Specialty Products each show margin and timing effects, though the table's column alignment makes some segment attributions ambiguous. Planned maintenance and year-end inventory effects are small, generally within ±$0.1 billion to $0.2 billion per segment. Identified Items are mixed: Upstream divestments are estimated to add $0.3 billion to $0.5 billion, while impairments subtract an estimated $0.5 billion to $0.3 billion in Upstream and smaller amounts elsewhere. Tax-related items are expected to add $0.1 billion to $0.3 billion in two segments. For investors, the filing points to a 4Q24 earnings picture pressured by weaker crude and liquids prices, with partial relief from natural gas and divestment gains, and offset by impairments. The company will publish full 4Q24 results on or around January 31, 2025 at approximately 5:30 a.m. CT on its website and via EDGAR. Investors should treat these ranges as directional guidance subject to finalization, and should wait for the full earnings release for actual results and the reconciliation of non-GAAP measures.

Jan 7, 2025 8-K

ExxonMobil 8-K Report, Corporate Update (Nov 12, 2024)

ExxonMobil Corporation (XOM) has announced its intention to release significant details regarding its Corporate Plan on December 11, 2024. This upcoming disclosure will include the company's capital plans extending through 2030, offering investors a crucial look into ExxonMobil's strategic direction and investment priorities over the next several years. A key focus of this release will be a detailed discussion of the Upstream business segment, which is vital to the company's overall performance and profitability.

Nov 12, 2024 10-Q

ExxonMobil Quarterly Report for Q3 Ended Sep 30, 2024

ExxonMobil Corporation (XOM) reported revenues of $87.8 billion for the third quarter of 2024 and $258.2 billion for the first nine months of the year. Net income attributable to ExxonMobil for the third quarter was $8.6 billion, a slight decrease from $9.1 billion in the prior year period. For the first nine months, net income was $26.1 billion, down from $28.4 billion in the same period of 2023. The company's performance was impacted by weaker industry refining margins and higher Upstream depreciation, partially offset by favorable timing effects from derivatives and increased volumes from advantaged Upstream investments, notably from the Permian Basin and Guyana. The acquisition of Pioneer Natural Resources, completed in May 2024, continues to be integrated and contributed to higher volumes. Total capital and exploration expenditures for the nine months were $20.0 billion, an increase from the prior year, reflecting continued investment in growth projects. The company returned significant capital to shareholders through $12.3 billion in dividends and $13.8 billion in share repurchases during the first nine months of 2024. ExxonMobil maintains a strong liquidity position with substantial cash and cash equivalents.

Nov 4, 2024 8-K

ExxonMobil 8-K Report, Financial Results (Nov 1, 2024)

ExxonMobil reported third-quarter 2024 earnings of $8.6 billion, or $1.92 per share assuming dilution, down from $8.9 billion... more precisely, down $630 million from $9.24 billion in 2Q24 and down from $9.07 billion in 3Q23. No identified items affected the quarter. Cash flow from operations was $17.6 billion and free cash flow was $11.3 billion, with capital and exploration expenditures of $7.2 billion. Year-to-date earnings were $26.1 billion versus $28.4 billion a year earlier, mainly because industry refining margins and natural gas prices fell from historically high 2023 levels. Growth from Guyana, the Permian (including Pioneer, acquired May 2024) and higher high-value product sales partly offset those declines. Shareholder returns remained a central theme. The company returned $9.8 billion to shareholders in the quarter and $26.1 billion year-to-date, including $12.3 billion of dividends and $13.8 billion of buybacks, and plans to repurchase more than $19 billion of shares in 2024. The fourth-quarter dividend was raised 4% to $0.99 per share, marking 42 consecutive years of annual increases. Balance sheet metrics are strong, with a net-debt-to-capital ratio of 5% and $27.0 billion of cash. Management also cited $11.3 billion of cumulative structural cost savings versus 2019, with a target of $15 billion by end-2027. On the strategic side, ExxonMobil highlighted progress in low-carbon businesses, including ADNOC's 35% stake in the Baytown hydrogen project, a fifth CCS agreement that brings contracted CO2 storage to 6.7 million metric tons per year, and new Proxima resin and carbon materials opportunities. These projects remain contingent on policy support, permitting, and final investment decisions, and their timelines carry execution risk.

Nov 1, 2024 8-K

ExxonMobil 8-K Report, Executive Changes (Oct 18, 2024)

Exxon Mobil Corporation (XOM) announced a change in its board of directors with the resignation of Mr. Gregory J. Goff, effective October 17, 2024. Mr. Goff has stepped down to pursue other business opportunities, and his departure does not appear to be related to any operational or financial matters concerning the company. The filing, made on October 18, 2024, is an 8-K Current Report, indicating a material event requiring immediate disclosure. For investors, this is a relatively minor development focused on corporate governance. The resignation of a single board member, while noteworthy, is unlikely to have an immediate or significant impact on Exxon Mobil's day-to-day operations, financial performance, or strategic direction. The company has not indicated any immediate plans to fill the vacant board seat, but its governance structure remains robust with the remaining directors.

Oct 18, 2024 8-K

ExxonMobil 8-K Report, Corporate Update (Oct 8, 2024)

Exxon Mobil Corporation (XOM) has filed an 8-K report detailing the issuance and sale of $171,968,000 aggregate principal amount of its Floating Rate Notes due 2074. This debt offering was executed on October 4, 2024, with the agreement involving several major underwriters including Morgan Stanley & Co. LLC, UBS Securities LLC, RBC Capital Markets, LLC, and Deutsche Bank Securities Inc. These new notes are established under an existing indenture from 2014, as amended and supplemented. The offering was made pursuant to a previously filed shelf registration statement on Form S-3. This issuance represents a strategic move by Exxon Mobil to raise capital, likely to support its ongoing operations, investments, or potential acquisitions, and highlights the company's continued access to debt markets. Investors should note the floating rate nature of these notes, which means their interest payments will adjust with market rates.

Oct 8, 2024 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Oct 3, 2024)

ExxonMobil's October 3, 2024 8-K furnishes Exhibit 99.1, a voluntary Regulation FD preview of factors expected to affect third-quarter 2024 results relative to second quarter 2024. It is not an earnings estimate. The company reported 2Q24 U.S. GAAP earnings of $9.2 billion, with no Identified Items, so 2Q24 earnings excluding Identified Items were also $9.2 billion. Segment earnings were Upstream $7.1B, Energy Products $0.9B, Chemical Products $0.8B, Specialty Products $0.8B, and Corporate & Financing $(0.3)B. The main negative driver is the market environment. Management estimates lower liquids prices would reduce 3Q earnings by $0.6B to $1.0B, and weaker industry margins would reduce Upstream earnings by a further $0.6B to $1.0B. Together, these two items point to a meaningful Upstream headwind. Gas prices are roughly neutral (a $0.2B reduction to a $0.2B gain), and Energy Products and Chemical Products margins are estimated to be flat to slightly positive. Timing effects and scheduled maintenance are shown as smaller, mixed items, with higher scheduled maintenance expected to weigh on Energy Products. Investors should treat these ranges as partial and directional. The company states the list excludes operating performance, unscheduled downtime, foreign exchange, and other items, and that the figures are subject to finalization. The company plans to report full 3Q24 results on November 1, 2024, at approximately 5:30 a.m. CT.

Oct 3, 2024 10-Q

ExxonMobil Quarterly Report for Q2 Ended Jun 30, 2024

ExxonMobil Corp. (XOM) reported strong financial results for the second quarter and first six months of 2024, bolstered significantly by the recent acquisition of Pioneer Natural Resources. Total revenues and other income increased across both periods compared to 2023, reaching $93.1 billion for the quarter and $176.1 billion year-to-date. Net income attributable to ExxonMobil for the quarter was $9.24 billion, up from $7.88 billion in the prior year's second quarter, while year-to-date net income stood at $17.46 billion, a decrease from $19.31 billion in the same period of 2023, primarily due to lower refining margins and higher scheduled maintenance. The acquisition of Pioneer Natural Resources, completed on May 3, 2024, is a major strategic development, contributing $4.37 billion in sales and $398 million in net income in the current quarter and year-to-date. This acquisition significantly boosted Upstream volumes and earnings, partially offsetting weaker industry refining and chemical margins. The company continued its commitment to shareholder returns, distributing $8.1 billion in dividends and repurchasing $8.3 billion in common stock during the first six months of the year.

Aug 5, 2024 8-K

ExxonMobil 8-K Report, Financial Results (Aug 2, 2024)

ExxonMobil reported second-quarter 2024 earnings of $9.2 billion, or $2.14 per share assuming dilution, up from $8.2 billion ($2.06 per share) in the first quarter and $7.9 billion ($1.94 per share) in the second quarter of 2023. Year-to-date earnings were $17.5 billion, down from $19.3 billion in the first half of 2023, as weaker industry refining margins and lower natural gas prices outweighed record Guyana and Permian volumes. Upstream production rose 15% sequentially to 4.4 million oil-equivalent barrels per day, driven by the Pioneer Natural Resources acquisition, which closed May 3, 2024 and contributed $0.5 billion to post-close earnings. Cash flow remained strong, with first-half cash flow from operations of $25.2 billion and free cash flow of $15.0 billion. Shareholder distributions totaled $16.3 billion year-to-date, including $8.1 billion in dividends and $8.3 billion in buybacks. Management raised the annual buyback pace to $20 billion through 2025 following the Pioneer close, declared a $0.95 quarterly dividend, and reported a net-debt-to-capital ratio of 6%, leaving the balance sheet well positioned after the all-stock acquisition. The key tensions for investors are the sharp year-over-year decline in Energy Products earnings as refining margins normalized, the step-up in 2024 capital spending to roughly $28 billion including Pioneer, and the reliance on volume growth and structural cost savings (cumulative $10.7 billion versus 2019) to offset weaker downstream profitability. Newer initiatives, including carbon capture, hydrogen, lithium, and ProxximaTM, were also highlighted but are early-stage and not yet material to earnings.

Aug 2, 2024 8-K

ExxonMobil 8-K/A Report, Executive Changes (Aug 1, 2024)

Exxon Mobil Corporation (XOM) has filed an amendment to its original Form 8-K, originally filed on May 3, 2024. This amendment, filed on July 31, 2024, exclusively supplements Item 5.02 of the original filing. The primary purpose is to provide additional details regarding board committee assignments for a newly elected director. Specifically, the amendment clarifies that Maria S. Dreyfus, who was elected as a new non-employee director effective May 3, 2024, has been appointed to serve on both the Audit Committee and the Compensation Committee of the Board, effective July 29, 2024. This filing does not introduce any new material events or alter any other information previously disclosed in the original 8-K. Investors should note that this is an administrative update focused on director committee memberships, not on financial performance or significant operational changes.

Aug 1, 2024 8-K

ExxonMobil 8-K Report, Regulation FD Disclosure (Jul 8, 2024)

ExxonMobil's 8-K (Item 7.01, Regulation FD) furnishes Exhibit 99.1, a preview of factors expected to affect 2Q 2024 results relative to 1Q 2024. It is not an earnings release and not an estimate of 2Q 2024 earnings. The company reported 1Q 2024 U.S. GAAP earnings of $8.2 billion, with no Identified Items. The exhibit's market-factor table points to a mixed picture: higher liquids prices (+$0.3B to +$0.7B) are offset by lower gas prices (-$0.7B to -$0.3B) and weaker industry margins, and timing effects are also included. Planned maintenance is expected to be a modest drag, and the table excludes operating performance, unscheduled downtime, and FX. The most material new information concerns the Pioneer Natural Resources acquisition, which took effect on a change-in-control date of May 3, 2024. For the roughly two-month post-close period, management estimates Pioneer contributions of 500-550 thousand oil-equivalent barrels per day (averaged over the full quarter), GAAP earnings of $0.2B to $0.4B (after $0.1B to $0.2B of one-time transaction expenses), pre-tax DD&A of $0.9B to $1.1B including preliminary purchase accounting, and capex of $0.7B to $0.9B. ExxonMobil also expects average diluted shares outstanding of about 4,250 million, reflecting shares issued for Pioneer net of buybacks. For investors, the filing is primarily a guidance-style disclosure that frames expectations ahead of the 2Q 2024 results, which are scheduled for release on August 2, 2024 at approximately 5:30 a.m. CT. The forward-looking nature of the estimates, and the company's caveats that they may change, mean they should be read as directional rather than as firm guidance.

Jul 8, 2024 8-K

ExxonMobil 8-K Report, Executive Changes (May 31, 2024)

Exxon Mobil Corporation (XOM) filed an 8-K on May 30, 2024, reporting the results of its Annual Meeting of Shareholders held on May 29, 2024. A significant majority of the outstanding shares (83.8%) were voted. All twelve director nominees were elected, with the lowest support at 91.6% for Darren W. Woods and the highest at 98.4% for Dina Powell McCormick. The proposal to ratify the independent auditors received overwhelming support (97.1% For). Shareholders also approved the advisory vote on executive compensation with 92.3% in favor. Conversely, all six shareholder proposals, which focused on environmental, social, and governance (ESG) matters such as greenhouse gas emission reduction incentives, gender/racial pay equity reporting, plastic production under specific scenarios, and additional social impact reporting, were overwhelmingly rejected by shareholders, with 'For' votes ranging from a low of 1.7% to a high of 20.8%. The filing also notes the re-election of Maria S. Dreyfus to the Board of Directors by the Board itself following her prior election in connection with the Pioneer Natural Resources acquisition.

May 31, 2024 8-K

ExxonMobil 8-K Report, Corporate Update (May 10, 2024)

Exxon Mobil's wholly-owned subsidiary Pioneer Natural Resources issued a full redemption notice on May 10, 2024 for all outstanding 0.250% Convertible Senior Notes due 2025. The notes will be redeemed for cash on June 25, 2024 at $1,000.28 per $1,000 principal amount, which equals principal plus accrued and unpaid interest. This is a routine debt-management action following Exxon's acquisition of Pioneer, and the filing discloses no new financial results, guidance, or strategic changes. Holders may still convert their notes until 5:00 p.m. (NYC time) on June 21, 2024. The conversion rate is 25.4503 Exxon common shares per $1,000 principal, equivalent to a conversion price of about $39.29 per share. Conversions made during this window will be settled entirely in cash rather than in Exxon shares, so no new equity will be issued under this mechanism. For investors, the event is largely immaterial to Exxon's overall financial position, since it is a small, low-coupon convertible instrument being retired and the cash outlay is modest relative to the company's balance sheet. Its significance is mainly administrative: it cleans up a legacy Pioneer liability as the acquired company's capital structure is integrated into Exxon's. The main practical consideration is for noteholders, who must act before the June 21 deadline or accept the cash redemption.

May 10, 2024