$XOM | Exxon Mobil Q1'24 Earnings Highlights:
🔹 Revenue: $83.08B (Est. $80.26B) 🟢
🔹 Adj EPS: $2.06 (Est. $2.19) 🔴
Outlook:
🔸 Expects Q2 to face an unfavorable working capital impact of about $3 billion due to seasonal cash tax payments. 😕
🔸 Sees continued strategic investment in high-value, high-growth markets including advanced recycling and direct air capture technologies.
CAPEX:
🔸 Q1 CAPEX: $5.84B, Consistent with full-year guidance of $23B-$25B (Est. $23.97B) 😑
Operational Metrics:
🔹 Total Production: 3.78M BOE/Day (Est. 3.804M BOE/Day) 🔴
🔹 U.S. Upstream Net: $1.05B
🔹 International Upstream Net: $4.61B
🔹 U.S. Chemical Products Net: $504M
🔹 International Chemical Products Net: $281M
🔹 U.S. Energy Products Net: $836M
🔹 International Energy Products Net: $540M
Other Q1 Metrics:
🔹 Net Income: $8.22B
🔹 Operating Cash Flow: $14.7B
🔹 Cash Flow from Operations and Asset Sales: $15.37B
Strategic Updates:
🔸 Achieved significant production milestones in Guyana with gross production exceeding 600,000 oil-equivalent barrels per day.
🔸 Reached a final investment decision on the sixth major development in Guyana during Q1.
🔸 Expecting to close the Pioneer merger in Q2 2024, aiming for further growth and synergies.
Dividend:
🔹 Declared quarterly dividend of $0.95/share, in line with previous, forward yield 3.13%.
🔹 Revenue: $83.08B (Est. $80.26B) 🟢
🔹 Adj EPS: $2.06 (Est. $2.19) 🔴
Outlook:
🔸 Expects Q2 to face an unfavorable working capital impact of about $3 billion due to seasonal cash tax payments. 😕
🔸 Sees continued strategic investment in high-value, high-growth markets including advanced recycling and direct air capture technologies.
CAPEX:
🔸 Q1 CAPEX: $5.84B, Consistent with full-year guidance of $23B-$25B (Est. $23.97B) 😑
Operational Metrics:
🔹 Total Production: 3.78M BOE/Day (Est. 3.804M BOE/Day) 🔴
🔹 U.S. Upstream Net: $1.05B
🔹 International Upstream Net: $4.61B
🔹 U.S. Chemical Products Net: $504M
🔹 International Chemical Products Net: $281M
🔹 U.S. Energy Products Net: $836M
🔹 International Energy Products Net: $540M
Other Q1 Metrics:
🔹 Net Income: $8.22B
🔹 Operating Cash Flow: $14.7B
🔹 Cash Flow from Operations and Asset Sales: $15.37B
Strategic Updates:
🔸 Achieved significant production milestones in Guyana with gross production exceeding 600,000 oil-equivalent barrels per day.
🔸 Reached a final investment decision on the sixth major development in Guyana during Q1.
🔸 Expecting to close the Pioneer merger in Q2 2024, aiming for further growth and synergies.
Dividend:
🔹 Declared quarterly dividend of $0.95/share, in line with previous, forward yield 3.13%.