ExMobil On Friday, due to the high oil and natural gas output offset the lower oil prices and weaker optimized profits, it defeated Wall Street’s estimation of the profit in the fourth quarter.
In the fourth quarter, the profit was US $ 7.39 billion. According to LSEG data, the profit per share was $ 1.67, surpassing an analyst at $ 1.56.
The first petroleum manufacturer in the United States reports that the total revenue of the whole year is US $ 3.46 billion, which is less than 38.57 billion US dollars a year ago.
The company became the largest oil producer in the Permian Basin in 2024. This is the largest oil field in the United States and acquired pioneer natural resources in May.
Although the price of oil is low and the profit of production fuel has declined, the production costs of the pots of baire in the Exxison region and its rich profits in Guyana are low.
The company said earlier this month that compared with the third quarter, the profit margin of oil optimization earlier this month has greatly reduced by 300 million to 700 million US dollars.
Even if the demand for gasoline and diesel is expected, the entrepreneurship of new refineries in Asia and other African companies has led to higher global fuel supply.
Kathryn Mikells, chief financial officer of ExMobil, said in an interview that with the pressure of additional supply to the market, the refining business is still under pressure.
She said: “This is actually what we observe in 2025.”
The company had previously stated that in the fourth quarter, the damage of the entire enterprise would cost about $ 600 million. Mickels said these allegations came from joint ventures in Nigeria, including the sale of non -strategic assets.
She said that the largest oil producer in the United States continued to make a decision in September in the arbitration challenge of the petroleum producer Hesh’s arbitration in the Chevron company. If Chevron is carried out, it will stand in the oil project of Guyana.
Although the transaction has been approved by the US regulatory agency EXXON and CNOOC, these companies are HESS ‘partners in Guiyana Petroleum joint venture, but they said that they have the first right to buy the HESS’ shares.
Shareholders’ repurchase and dividend income totaled 36 billion U.S. dollars in 2024, higher than the US $ 32 billion in the previous year. Shareholder distribution is the cornerstone of Big Oil strategy to court investors, covering $ 36.2 billion of Exxon’s 36.2 billion US dollars.
