Exxon Mobil Corporation
ExxonMobil Announces Second-Quarter 2024 Results
Summary
ExxonMobil Corporation announced its second-quarter 2024 results, reporting earnings of $9.2 billion, an increase of $1.02 billion from the same period last year. Earnings per share (EPS) were $2.14 assuming dilution, compared to $2.06 in Q2 2023. Year-to-date earnings reached $17.46 billion, down from $19.31 billion in the first half of 2023. The company generated strong cash flow from operations of $25.2 billion and made shareholder distributions totaling $9.5 billion, including $4.3 billion in dividends and $5.2 billion in share repurchases. ExxonMobil also declared a third-quarter dividend of $0.95 per share, payable on September 10, 2024. Capital and exploration expenditures were $7.0 billion in Q2, bringing the YTD total to $12.9 billion.
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About Exxon Mobil Corporation
Exxon Mobil Corporation is a leading integrated energy company engaged in the exploration, production, transportation, and sale of crude oil and natural gas. As one of the largest publicly traded oil and gas companies in the world, Exxon Mobil is involved in all stages of the petroleum value chain, from upstream operations like exploring and producing oil and gas, to downstream activities such as refining, marketing, and selling petroleum products. The corporation also engages in chemical manufacturing, producing and selling assorted petrochemicals to various industries. Founded by the merger of Exxon and Mobil in 1999, Exxon Mobil has played a significant role in global energy supply, employing advanced technology and emphasizing efficiency and sustainability in its operations. The company influences a wide array of sectors, including transportation, energy production, and manufacturing, highlighting its pivotal role in the broader economic landscape. Headquartered in Irving, Texas, Exxon Mobil remains a significant player in addressing energy needs and advancing initiatives towards environmentally responsible energy solutions.
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