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Exxon annual gross profit for 2024 was $84.234b, a 1.66% decline from 2023. Moreover, exxon mobil is not resting on its laurels Exxon mobil revenues and earnings miss expectations revenue missed analyst estimates by 1.1%
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Earnings per share (eps) also missed analyst estimates by 2.0%. With west texas intermediate crude trading well above $63 per barrel, the company's strategic focus on the permian and guyana deepwater projects is paying off Exxon earned nearly $56 billion in profit last year, the biggest annual profit any western oil company has ever seen
Chevron set its own record with $35 billion in profit.
Cash flow from operations was $16.0 billion, up $6.6 billion versus the second quarter. Results included unfavorable identified items of approximately $200 million associated with additional european taxes on the energy sector. Exxonmobil's reputation may also be harmed by events which negatively affect the image of our industry as a w nts Actual future results, including project completion dates, production rates, capital expenditures, costs, and business plans could differ materially due to, among other things, the factors discussed above and elsewhere in.
Exxon mobil corporation is currently reaping significant benefits from its upstream operations in the permian basin, where low breakeven costs underpin robust profitability
