Exxon Mobil Corporation announced first-quarter 2025 earnings of $7.7 billion, or $1.76 per share, with cash flow from operating activities reaching $13.0 billion and free cash flow at $8.8 billion. Shareholder distributions totaled $9.1 billion, including $4.3 billion in dividends and $4.8 billion in share repurchases.
Upstream net income increased to $6.756 billion from $5.660 billion in Q1 2024, driven by higher volumes from the Permian and Guyana, despite lower liquids realizations. Total production rose 20% to 4.551 million oil-equivalent barrels per day from 3.784 million in the prior-year period.
Energy Products net income decreased to $827 million due to lower industry refining margins, while Chemical Products and Specialty Products also saw declines. Cumulative structural cost savings reached $12.7 billion relative to 2019, with an additional $0.6 billion achieved in the first three months of 2025.
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