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Exxon Mobil Corporation (XOM) reported strong fourth-quarter 2025 results, surpassing analyst expectations with adjusted EPS of $1.71 (vs. $1.67 consensus) and revenues of $82.3 billion (vs. $81.5 billion forecast). The company generated $12.7 billion in cash flow from operations and $5.6 billion in adjusted free cash flow, ending the year with a cash balance of $10.7 billion. However, ExxonMobil anticipates upstream volumes to decline by 100,000–200,000 barrels of oil equivalent per day in Q1 2026 due to timing effects, downtime, and entitlement changes. Falling oil prices are expected to reduce upstream results by $800 million to $1.2 billion, while gas price fluctuations may impact results by negative $300 million to positive $100 million. Energy Products earnings are projected to benefit from margin variations, contributing $300 million to $700 million. ExxonMobil remains focused on long-term growth, reaffirming plans for 10 major project startups, including the Yellowtail development in Guyana, expected to add $3 billion in earnings by 2026. The company continues its $20 billion annual share buyback program and has increased its structural cost savings target to $20 billion. ExxonMobil also aims to meet its 2030 greenhouse gas emissions intensity targets by 2026. Analyst sentiment was mixed following the earnings announcement, with price targets adjusted slightly by Wells Fargo and RBC Capital. Despite near-term challenges in upstream realizations, ExxonMobil's integrated business model, refining capabilities, and investments in key regions position the company for sustained shareholder value and long-term growth.
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Recent news for XOM

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US Oil Companies Poised For $60 Billion Windfall Amid Iran War, Says Energy Research Firm: Report

American oil producers to gain $60B as Iran conflict drives up prices. U.S. shale companies to benefit most.

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About XOM

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 ... Read more

Ways to trade options* on XOM

Bullish Option Strategy: Long Calls

Traders buy a single call option on a stock or ETF. This strategy can benefit from a price increase while risking more capital than a spread.

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