ExxonMobil's earnings call highlighted significant achievements in upstream production, particularly in Guyana and the Permian Basin, along with advancements in low carbon solutions and new product developments. However, challenges such as an unexpected arbitration ruling in Guyana, mixed progress in hydrogen projects, and margin pressures in the chemical industry were also discussed.

Company Guidance -

Q3 2025

During ExxonMobil's Second Quarter 2025 Earnings Call, CEO Darren Woods outlined several key metrics and projections reflecting the company's strategic focus and growth potential. ExxonMobil achieved its highest second-quarter production since the Exxon-Mobil merger, with more than half of its production coming from high-return, advantaged assets, projected to rise to over 60% by decade's end. The Guyana development stands out, with a total production capacity expected to reach 1.7 million oil equivalent barrels per day by 2030 across eight developments. The company also set ambitious targets for the Permian Basin, aiming to grow production from 1.6 million to 2.3 million oil equivalent barrels per day by 2030, leveraging advanced technologies like lightweight proppant to enhance recovery. Additionally, 2025 project start-ups are anticipated to drive over $3 billion in earnings by 2026, contributing to a strategic goal of $20 billion in additional earnings and $30 billion in cash flow by 2030 versus 2024, under constant price and margin conditions. In the Low Carbon Solutions business, ExxonMobil's carbon capture and storage initiatives are set to store up to 2 million metric tons of CO2 per year, with potential expansion as new contracts are secured. These initiatives underscore ExxonMobil's commitment to both traditional and low-carbon energy avenues, balancing immediate operational efficiency with long-term sustainable growth.

Record Upstream Production

ExxonMobil achieved the highest second quarter production since the merger of Exxon and Mobil over 25 years ago. More than half of the oil and natural gas production comes from high-return, advantaged assets, expected to increase to over 60% by the end of the decade.

Guyana Development Success

Guyana marked the 10-year anniversary of its first oil discovery with nearly 11 billion barrels of resources. Three major developments are producing 650,000 gross barrels per day, with the fourth development, Yellowtail, anticipated to achieve first oil next week, under budget and ahead of schedule.

Permian Basin Production Growth

ExxonMobil produced roughly 1.6 million oil equivalent barrels per day in the Permian Basin, setting a new record. The company plans to grow production to 2.3 million by 2030, supported by new technologies that have improved recovery rates by up to 20%.

New Product Solutions Projects

Operations ramped up at the China Chemical Complex and the Singapore Resid Upgrade project. The company also started renewable diesel production at Strathcona in Canada, contributing to a lower emissions fuel strategy.

Low Carbon Solutions Progress

ExxonMobil's first third-party carbon capture and storage project is operational, storing up to 2 million metric tons of CO2 annually. The company also announced its seventh CCS customer contract, bringing total third-party CO2 offtake to nearly 10 million metric tons per year.

Exxon Mobil (XOM) Earnings, Revenues Date & History

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XOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 24, 2025	2025 (Q3)	1.74 / -	1.92	―	―	―
Aug 06, 2025	2025 (Q2)	1.57 / 1.64	2.14	-23.36% (-0.50)
May 02, 2025	2025 (Q1)	1.75 / 1.76	2.06	-14.56% (-0.30)
Jan 31, 2025	2024 (Q4)	1.55 / 1.67	2.48	-32.66% (-0.81)
Nov 01, 2024	2024 (Q3)	1.88 / 1.92	2.27	-15.42% (-0.35)
Aug 02, 2024	2024 (Q2)	2.02 / 2.14	1.94	10.31% (+0.20)
Apr 26, 2024	2024 (Q1)	2.19 / 2.06	2.83	-27.21% (-0.77)
Feb 02, 2024	2023 (Q4)	2.19 / 2.48	3.4	-27.06% (-0.92)
Oct 27, 2023	2023 (Q3)	2.37 / 2.27	4.45	-48.99% (-2.18)
Jul 28, 2023	2023 (Q2)	2.04 / 1.94	4.14	-53.14% (-2.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

XOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$106.25	$105.53	-0.68%
May 02, 2025	$103.85	$104.27	+0.40%
Jan 31, 2025	$106.62	$103.95	-2.50%
Nov 01, 2024	$112.70	$110.94	-1.56%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.