No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Fourth-quarter numbers from ExxonMobil came in ahead of expectations on Friday, despite weakness in the oil price.
Total revenues at the Houston-based oil major, America's biggest, were $82.3bn in the three months to December end, down from $83.4bn a year previously. Net income fell to $6.5bn from $7.6bn a year previously, while adjusted earnings were $1.71 per share. However, that was ahead of consensus for $1.68.
Oil prices have come under pressure throughout 2025, as global over-supply weighs heavily.
Darren Woods, chief executive, said: "ExxonMobil is a fundamentally stronger company than it was just a few years ago, and our 2025 results demonstrate that.
"Our transformation is delivering a more resilient, lower-cost, technology-led business with structurally stronger earnings power, grounded in advantaged assets, disciplined capital allocation and execution excellence."
Exxon said annual upstream production had reached its highest level in more than 40 years at 4.7m barrels of oil equivalent per day. Production in fourth quarter was just shy of 5m boed.
Looking to the current year, and Exxon said it was on track to grow full-year production in 2026 to 4.9m boed, including around 1.8m boed from the Permian Basin, America's largest oilfield.
Woods concluded: "We're capturing more value from every barrel and molecule we produce and building growth platforms at scale, creating a long runway of profitable growth through 2030 and beyond."
In the year to December end, total revenues fell to $332.2bn from $349.6bn, while net income slid to $28.8bn from $33.7bn.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.