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**ExxonMobil’s Earnings Outstrip Anticipations, Output Reaches Ten-Year Peak**
*Released: January 31, 2025, 10:52 AM Eastern Time*
**Principal Points**
* ExxonMobil revealed Friday that its earnings outstripped anticipations for the final 2024 quarter, although income was deficient.
* The oil and gas behemoth documented unsurpassed output of 4.33 million barrels of oil equivalent daily in 2024, the most elevated in over ten years.
* The corporation’s stock value diminished in trading Friday morning.
Notwithstanding inferior to anticipated final quarter income, ExxonMobil’s earnings outdone analyst approximations. The oil and gas behemoth additionally revealed that its 2024 output attained its most elevated degree in over ten years.
ExxonMobil (XOM) documented final quarter 2024 income of $83.43 billion, marginally beneath the prior year and approximately $1 billion inferior to analyst anticipations compiled by Visible Alpha.
However, the corporation’s net earnings of approximately $7.61 billion, or $1.72 per share, outstripped prior projections.
The corporation expressed that final quarter oil-equivalent output was approximately 4.6 million barrels, conveying its full-year output to just over 4.3 million barrels of oil equivalent daily, a 16% surge over the prior year and the most elevated yearly output degree in over ten years.
Exxon’s performance diverged with that of rival oil and gas producer Chevron (CVX), whose income effortlessly outstripped anticipations but whose earnings were deficient.
Despite the higher-than-anticipated earnings, ExxonMobil’s stock value declined by about 1% on Friday morning.
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