Exxon Mobil Corporation
ExxonMobil Reports Third-Quarter 2024 Earnings
Summary
ExxonMobil announced third-quarter 2024 results, reporting earnings of $8.6 billion, a decrease of 7% compared to the same period in 2023. The company's year-to-date earnings were $26.1 billion, down from $28.4 billion in the first nine months of 2023. Despite the decline, ExxonMobil achieved its highest liquids production in over 40 years and delivered record high-value product sales volumes. The company also increased its fourth-quarter dividend to $0.99 per share, payable on December 10, 2024. These results were driven by structural cost savings and advantaged volume growth, partially offset by lower industry refining margins and natural gas prices.
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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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