Exxon Mobil Corporation announced second-quarter 2025 earnings of $7.1 billion, or $1.64 per share, with cash flow from operating activities at $11.5 billion and free cash flow at $5.4 billion. Shareholder distributions totaled $9.2 billion, including $4.3 billion in dividends and $5.0 billion in share repurchases.
The company achieved its highest second-quarter Upstream production since the Exxon and Mobil merger more than 25 years ago, reaching 4.630 million oil-equivalent barrels per day. This strong output, including a record 1.6 million bpd from the Permian, helped offset lower crude prices.
The refining business saw earnings rise 44% to $1.37 billion, while cumulative structural cost savings reached $13.5 billion since 2019, with an additional $1.4 billion in the first six months of 2025. ExxonMobil remains on track to start up ten key projects this year, expected to improve earnings power by over $3 billion in 2026.
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