Q4 2024 Exxon Mobil Corp Earnings Call Transcript
Key Points
- Exxon Mobil Corp (XOM) delivered strong financial results with earnings of $34 billion in 2024, marking the third highest result in a decade.
- The company achieved a significant reduction in methane intensity, over 60% since 2016, showcasing its commitment to environmental performance.
- Exxon Mobil Corp (XOM) reported record production levels in the Permian and Guyana, highlighting successful operational execution.
- The company is advancing its low carbon solutions, with a unique end-to-end system for capturing, transporting, and storing carbon emissions.
- Exxon Mobil Corp (XOM) has a robust pipeline of major projects set to start in 2025, expected to deliver over $3 billion in earnings potential by 2026.
- Despite strong earnings, Exxon Mobil Corp (XOM) faces softer market conditions, which could impact future financial performance.
- The company is involved in legal disputes, such as the lawsuit against the California Attorney General, which could pose reputational risks.
- Exxon Mobil Corp (XOM) relies on government incentives for some low-carbon projects, indicating potential vulnerability to policy changes.
- The chemical market remains challenging, with margins consistently below the 10-year average, affecting profitability in this segment.
- Exxon Mobil Corp (XOM) has limited presence in the Gulf of Mexico, potentially missing out on opportunities in this region.
Good morning, everyone. Welcome to ExxonMobil's fourth quarter, 2024 earnings call. Today's call is being recorded. We appreciate you joining us today.
I'm Jim Chapman, Vice President, Treasurer and Investor Relations. I'm joined by Darren Woods, Chairman and CEO; and Kathy Mikells, Senior Vice President and CFO. This quarter's presentation and prerecorded remarks are available on the Investors section of our website. They're meant to accompany the third quarter earnings news release, which is posted in the same location.
During today's presentation, we'll make forward-looking comments, including discussion of our long-term plans and integration efforts, which are still being developed and which are subject to risks and uncertainties. Please read our cautionary statement on slide 2. You can find more information on the risks and uncertainties that apply to any forward-looking statements in our SEC filings on our website.
Note that we also provided supplemental information at the end of our earnings slides, which
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
