From Yahoo Finance: 2025-05-03 14:32:00

ExxonMobil delivered industry-leading financial results in the first quarter, returning a record amount of cash to shareholders. The oil giant’s $7.7 billion earnings beat expectations, with $13 billion in cash flow and $8.8 billion in free cash flow. It also led the sector in cost savings, boosting its bottom line by $4 billion.

Exxon’s robust oil and gas production, up 20% year-over-year, and $12.7 billion in annual cost savings fueled its exceptional earnings. The company’s $9.1 billion cash return to shareholders included a $4.8 billion stock buyback. With a strong balance sheet, Exxon plans to repurchase $20 billion in shares this year.

Despite challenging market conditions, ExxonMobil remains the industry leader, projecting further growth by investing in advantaged resources. The company aims to generate $3 billion in earnings from new projects this year and achieve $18 billion in structural cost savings by 2030, adding $20 billion to earnings and $30 billion to cash flow.

ExxonMobil’s focus on enhancing earnings capacity and cost savings positions it for future success in the face of fluctuating oil prices. With a track record of industry-leading profits and shareholder returns, Exxon is a top oil stock for long-term growth.



Read more at Yahoo Finance: ExxonMobil Continues to Prove It’s the Best-Run Company in the Oil Patch