Exxon Mobil (XOM) Q4 2025 Earnings
How Did XOM Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −0.99%.
Did XOM Beat Earnings? Q4 2025 Results
Yes. Exxon Mobil reported Q4 2025 earnings of $1.71 a share on Jan 30, 2026, beating the $1.69 consensus estimate by 1.0%. Revenue was $82.3B against a $81.7B estimate.
ExxonMobil delivered a mixed but largely resilient fourth-quarter performance, posting non-GAAP earnings per share of $1.71 against a consensus estimate of $1.66 — a 3.01% beat — even as revenue of $82.31 billion came in 1.56% below expectations despite growing 1.5% year over year. The headline EPS story was driven in meaningful part by an extraordinary turnaround in Energy Products, where quarterly earnings surged more than 80% sequentially to $3.39 billion on stronger diesel and gasoline crack spreads and record North American refinery throughput — a bright spot that helped offset a $281 million loss in Chemical Products weighed down by weak industry margins. Full-year earnings of $28.84 billion trailed 2024's $33.68 billion, pressured by softer crude prices and higher depreciation, though record production of 4.7 million oil-equivalent barrels per day and $3 billion in structural cost savings provided meaningful ballast. With capital expenditure guidance set at $27–$29 billion for 2026 and $20 billion in planned share repurchases, ExxonMobil's <a href="https://247wallst.com/investing/2025/12/07/exxon-mobils-43-year-dividend-streak-looks-secure-despite-falling-earnings/">commitment to shareholder returns</a> remains firmly intact heading into the new year.
- Advantaged volume growth in Permian and Guyana
- Record upstream production of 4.7 million boed for full year, highest in over 40 years
- Record refinery throughput on a same-site basis
- $15.1 billion in cumulative structural cost savings since 2019
- Stronger industry refining margins driven by diesel and gasoline crack spreads
- Record high-value product sales in Chemical and Specialty Products
- Favorable timing effects from derivatives and inventory
“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 Mobil CEO, on the earnings call
What Was Exxon Mobil's Outlook in Q4 2025?
ExxonMobil expects cash capital expenditures of $27-$29 billion in 2026. The company plans to repurchase $20 billion of shares through 2026, assuming reasonable market conditions. Structural cost savings are expected to reach $20 billion cumulative by 2030. Key near-term milestones include first cargoes from Golden Pass LNG expected in Q1 2026. The company delivered 10 of 10 key projects in 2025, adding approximately $3 billion of earnings on a constant price and margin basis. Advantaged assets in the Permian, Guyana, and LNG represented 59% of production in 2025, up approximately 7 percentage points from 2024, signaling continued portfolio high-grading.
XOM YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $82.3B | $81.1B | +1.5% |
| Net Income | $6.5B | $7.6B | −14.6% |
Figures from SEC filings and company reports. Not investment advice.