Exxon Mobil Full Year 2024 Earnings: Revenues Disappoint

Exxon Mobil (NYSE:XOM) Full Year 2024 Results

Key Financial Results

• Revenue: US$343.4b (up 1.5% from FY 2023).
• Net income: US$33.7b (down 6.5% from FY 2023).
• Profit margin: 9.8% (in line with FY 2023).
• EPS: US$7.84 (down from US$8.89 in FY 2023).

XOM Production

Combined production

• Oil equivalent production: 1581.668 MMboe (1364.371 MMboe in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Exxon Mobil Revenues Disappoint

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.4%.

Performance of the American Oil and Gas industry.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Exxon Mobil's balance sheet and an in-depth analysis of the company's financial position.

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