Exxon Mobil on Friday posted fourth-quarter earnings that beat Wall Road estimates, regardless of oil costs reserving the largest annual loss in years because of oversupply.
Here’s what the oil firm reported for the fourth quarter in contrast with what Wall Road was anticipating, based mostly on a survey of analysts by LSEG:
- Earnings per share: $1.71 adjusted vs. $1.68 anticipated
- Income: $82.31 billion vs. $81.43 billion
Within the fourth quarter, Exxon reported internet earnings of $6.5 billion, or $1.53 per share, a decline of 14.6% from $7.61 billion, or $1.72 per share, within the year-ago interval. Income got here in at $82.31 billion, down 1.3% from $83.43 billion within the fourth-quarter of 2024.
After changes, Exxon earned $1.71 per share, excluding gadgets, outpacing the Road’s estimate of $1.68 per share. It exceeded expectations whilst crude logged the largest annual value decline since 2020.
Exxon’s manufacturing enterprise booked a revenue of $3.52 billion, down from $5.7 billion the third quarter. Its refining enterprise posted earnings of $3.39 billion, up from $1.84 billion within the earlier quarter.
The oil main achieved its highest full-year internet manufacturing in additional than 40 years at 4.7 million barrels per day. It pumped 4.98 million bpd within the quarter with its property within the Permian Basin and Guyana setting output information for the interval.
Exxon’s capital expenditures totaled $29 billion in 2025. It expects to spend $27 billion to $29 billion in 2026.
The oil main’s outcomes come as President Donald Trump is pressuring the trade to return to Venezuela after the U.S. captured Nicolás Maduro, the South American nation’s chief.
CEO Darren Woods instructed Trump that Venezuela is “uninvestable” throughout a White Home assembly on Jan. 9. He mentioned Venezuela will want main modifications for Exxon to return. Caracas has seized Exxon’s property twice.
Woods mentioned Exxon is able to ship a technical group to Venezuela to judge the state of the oil trade within the nation.
