Mon, May 5, 4:43 PM (7 days ago)
**Exxon Mobil Corporation (XOM) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $81,058 million (up from $80,411 million in Q1 2024). - **Net Income:** $7,713 million (down from $8,220 million in Q1 2024). - **Earnings per Share (EPS):** $1.76 (down from $2.06 in Q1 2024). - **Operating Cash Flow:** $12,953 million (down from $14,664 million in Q1 2024). - **Capital Expenditures:** $5,936 million (up from $5,268 million in Q1 2024). **Profit Margins:** - **Gross Margin:** Approximately 11.2% (down from Q1 2024). - **Operating Margin:** Approximately 14.3% (down from Q1 2024). **Segment Performance:** - **Upstream:** Earnings increased due to higher volumes from advantaged assets like Permian and Guyana, offset by lower crude prices and higher expenses. - **Energy Products:** Earnings decreased due to weaker refining margins and lower base volumes, partially offset by structural cost savings. - **Chemical Products:** Earnings decreased due to weaker margins and higher expenses, partially offset by structural cost savings. - **Specialty Products:** Earnings decreased due to lower base volumes and higher expenses, partially offset by structural cost savings. **Trends and Uncertainties:** - **Commodity Prices:** Crude oil prices remained flat, while natural gas prices improved. - **Refining Margins:** Declined globally but improved in North America due to turnarounds and outages. - **Chemical Margins:** Remained at the bottom of the cycle due to capacity additions. - **Trade Environment:** Volatile due to tariffs and retaliatory actions, with uncertain impacts on operations and financial condition. - **Divestment Activities:** Realized $1.8 billion in proceeds and $0.2 billion in net after-tax earnings from divestments. **Future Operations Impact:** - **Capital Investment:** Plans to invest $27-29 billion in 2025, with a focus on high-return projects. - **Share Repurchases:** Continued share repurchase program with a $20 billion pace per year through 2026, assuming reasonable market conditions. - **Dividends:** Distributed $4.3 billion to shareholders in Q1 2025. - **Debt Levels:** Total debt at the end of Q1 2025 was $37.6 billion, with a debt-to-total capital ratio of 12.2%. - **Liquidity:** Significant capacity of long-term and short-term liquidity, with undrawn lines of credit totaling $1.2 billion. **Forward-Looking Statements:** - **Emission Reduction Plans:** Aims to reach Scope 1 and Scope 2 net zero from operated assets by 2050 and eliminate routine flaring. - **Technological Advancements:** Focus on carbon capture, hydrogen, ammonia, and other low-carbon technologies. - **Market Risks:** Potential impacts from global or regional changes in supply and demand, economic conditions, and regulatory environments.