Exxon Mobil (XOM) Q2 2025 Earnings
How Did XOM Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +3.54%.
Did XOM Beat Earnings? Q2 2025 Results
Yes. Exxon Mobil reported Q2 2025 earnings of $1.64 a share on Aug 1, 2025, beating the $1.56 consensus estimate by 4.9%. Revenue was $81.5B against a $80.5B estimate.
ExxonMobil topped Wall Street expectations in the second quarter of 2025, delivering adjusted EPS of $1.64 against a consensus of $1.56, a beat of 4.93%, even as weaker commodity prices dragged revenue 9.4% lower year over year to $81.51 billion, which nonetheless edged past the $80.50 billion estimate by 1.25%. The central story of the quarter was the tension between falling crude realizations, with U.S. crude dropping to $62.58 per barrel and Brent averaging $67.82, and a production machine running near full throttle; net output reached 4.63 million oil-equivalent barrels per day, including a record 1.6 million from the Permian. Structural cost savings, now at $13.50 billion cumulatively since 2019, helped cushion the margin pressure, as did a sharp sequential recovery in refining earnings to $1.37 billion. The company returned $9.20 billion to shareholders through dividends and buybacks in the quarter, reaffirmed full-year capital spending guidance of $27 billion to $29 billion, and said six of ten key 2025 projects are already underway, with the portfolio collectively expected to add more than $3 billion in earnings power by 2026.
- Record Permian production of 1.6 million oil-equivalent barrels per day
- Q2 net production of 4,630 koebd, up 79 koebd vs Q1 2025
- Upstream volume growth from advantaged assets (Permian, Guyana) and structural cost savings
- Energy Products earnings up $539 million vs Q1 on stronger seasonal refining margins and lower scheduled maintenance; indicative refining margin $13.6/bbl vs $11.5/bbl
- Chemical Products sales volumes up on China Chemical Complex ramp-up (5,264 kt vs 4,776 kt in Q1)
- Specialty Products earnings up $125 million vs Q1 on stronger basestock margins and record high-value product sales volumes
- Year-to-date structural cost savings of $1.4 billion; cumulative $13.5 billion since 2019
- Q2 shareholder distributions of $9.2 billion ($4.3 billion dividends, $5.0 billion buybacks)
“The second quarter, once again, proved the value of our strategy and competitive advantages, which continue to deliver for our shareholders no matter the market conditions or geopolitical developments.”
Exxon Mobil CEO, on the earnings call
What Was Exxon Mobil's Outlook in Q2 2025?
ExxonMobil reaffirmed full-year 2025 cash capital expenditure guidance of $27 billion to $29 billion. It remains on pace to repurchase $20 billion of shares in 2025. Six of ten key 2025 projects have begun start-up and the remaining four are on track. Collectively, these projects are expected to improve earnings power by more than $3 billion in 2026 at constant prices and margins. The company expects $18 billion of cumulative structural cost savings through the end of 2030 versus 2019.
XOM YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $81.5B | $90.0B | −9.4% |
| Net Income | $7.1B | $9.2B | −23.4% |
Figures from SEC filings and company reports. Not investment advice.