In its first quarter 2025 outcomes assertion, which was revealed on its web site lately, ExxonMobil revealed its oil and fuel manufacturing figures for the primary quarter of this 12 months.
In keeping with that assertion, the corporate’s output averaged 4.551 million barrels of oil equal per day within the first quarter of 2025. ExxonMobil’s manufacturing got here in at 4.602 million barrels of oil equal per day within the fourth quarter of 2024 and three.784 million barrels of oil equal within the first quarter of final 12 months, the assertion highlighted.
Exxon’s internet manufacturing of crude oil, pure fuel liquids, bitumen and artificial oil averaged 3.139 million barrels per day within the first quarter, the assertion confirmed. Of this determine, the U.S. contributed 1.418 million barrels per day, Asia contributed 796,000 barrels per day, and Canada/Different Americas contributed 760,000 barrels per day, the assertion revealed.
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Within the fourth quarter of final 12 months, Exxon’s internet manufacturing of crude oil, pure fuel liquids, bitumen and artificial oil averaged 3.213 million barrels per day, and within the first quarter of 2024, it averaged 2.557 barrels per day, the assertion confirmed.
The U.S. contributed 1.468 million barrels per day to the fourth quarter 2024 determine and 816,000 barrels per day to the primary quarter 2024 determine, whereas Asia contributed 694,000 barrels per day to the fourth quarter determine and 711,000 barrels per day to the primary quarter determine, and Canada/Different Americas contributed 825,000 barrels per day to the fourth quarter determine and 772,000 barrels per day to the primary quarter determine, based on the assertion.
Exxon’s internet pure fuel manufacturing accessible on the market averaged 8.47 billion cubic toes per day within the first quarter of 2025, 8.33 billion within the fourth quarter of final 12 months, and seven.36 billion cubic toes per day within the first quarter of final 12 months, the assertion outlined.
Asia contributed 3.45 billion cubic toes per day to the primary quarter 2025 determine, whereas the U.S. contributed 3.26 billion cubic toes per day and Australia/Oceania contributed1.25 billion cubic toes per day, the assertion identified.
Within the fourth quarter of final 12 months, the U.S. contributed 3.259 billion cubic toes per day, Asia contributed 3.18 billion cubic toes per day, and Australia /Oceania contributed 1.29 billion cubic toes per day, based on the assertion, which confirmed that Asia contributed 3.27 billion cubic toes per day within the first quarter of final 12 months, whereas the U.S. contributed 2.24 billion cubic toes per day and Australia/Oceania contributed 1.22 billion cubic toes per day.
In its outcomes assertion, ExxonMobil highlighted that upstream earnings within the first quarter of 2025 have been $6.8 billion, which it identified was $1.1 billion greater than the identical quarter final 12 months.
“Earnings elevated resulting from advantaged property quantity development from the Permian and Guyana, and structural price financial savings,” Exxon famous in its assertion.
“Weaker crude realizations and better depreciation have been offset by different internet favorable impacts primarily associated to divestments,” it added.
“Internet manufacturing elevated 20 %, or 767,000 oil equal barrels per day, to 4.6 million oil equal barrels per day from Permian development pushed by the acquisition of Pioneer, partly offset by non-core asset divestments,” it continued.
Exxon introduced first quarter 2025 earnings of $7.7 billion in its assertion, including that money move from working actions was $13.0 billion and that free money move was $8.8 billion.
“The work we’ve performed to remodel our firm over the previous eight years positions us to excel in any surroundings,” Darren Woods, the chairman and chief government officer of Exxon, stated within the assertion.
“Within the first quarter, we earned $7.7 billion and generated $13.0 billion in money move from operations. Since 2019, the strategic selections we made to cut back prices, develop advantaged volumes, and optimize our operations have strengthened quarterly earnings energy by about $4 billion at present costs and margins,” he added.
“This 12 months, we’re beginning up 10 advantaged initiatives which might be anticipated to generate greater than $3 billion of earnings in 2026 at fixed costs and margins,” he continued.
“Repeatedly leveraging our aggressive benefit is enabling the corporate to excel within the present market surroundings and ship on our plans by 2030 and much into the long run,” Woods went on to state.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
