ExxonMobil Q1 Report 2024

April 26, 2024 – Exxon Mobil Corporation today announced first-quarter 2024 earnings of $8.2 billion, or $2.06 per share assuming dilution. Capital and exploration expenditures were $5.8 billion, consistent with the company’s full-year guidance of $23 billion to $25 billion.

• Generated strong first-quarter earnings of $8.2 billion and $14.7 billion of cash flow from operating activities
• Achieved quarterly gross production of more than 600,000 oil-equivalent barrels per day in Guyana and reached a final investment decision on the sixth major development  
• Grew performance chemical sales volumes and delivered record first-quarter refining throughput1 while maintaining excellent turnaround performance
• Reduced operated methane emissions intensity by more than 60% since 20162 
• Investing in technology to extend our reach to new high-value, high-growth markets including advanced recycling, ProxximaTM, carbon materials and direct air capture of carbon dioxide
• Achieved $10.1 billion of cumulative Structural Cost Savings versus 2019 with an additional $0.4 billion during the quarter. The company plans to deliver cumulative savings totaling $15 billion through the end of 2027.