Exxon Mobil Corporation 4Q24 Results Summary
Profit Focused and Intense
Spring, Texas–(BUSINESS WIRE)
Exxon Mobil Corporation (NYSE:XOM) has released its 4Q24 results, showing a decrease in earnings compared to the previous quarter. The company reported earnings of $7.610 million under U.S. GAAP, representing a decline of $1,000 million from the previous quarter. Earnings excluding identified items (non-GAAP) were $7.394 million, a decrease of $1,216 million compared to the previous quarter.
The earnings per common share for 4Q24 were $1.72, down $0.20 from the previous quarter. Earnings excluding identified items per common share (non-GAAP) were $1.67, a decrease of $0.25 from the previous quarter.
Despite the decrease in earnings, Exxon Mobil Corporation remains focused on profitability and intensifying its efforts to drive growth and innovation. With a long history of success in the energy industry, the company is committed to adapting to changing markets and continuing to deliver value to its shareholders.
Impact on Me
As a shareholder or potential investor in Exxon Mobil Corporation, the decrease in earnings for 4Q24 may raise concerns about the company’s future profitability and performance. It is important to closely monitor the company’s strategic initiatives and financial reports to make informed decisions about investments in XOM stock.
Impact on the World
Exxon Mobil Corporation’s 4Q24 results may have broader implications for the energy industry and the global economy. As one of the largest multinational oil and gas companies, the company’s performance can influence market trends, environmental policies, and geopolitical dynamics. The decrease in earnings could signal challenges in the energy sector or the need for increased efficiency and innovation in the industry.
Conclusion
In conclusion, Exxon Mobil Corporation’s 4Q24 results reflect a decline in earnings compared to the previous quarter. While this may raise concerns for stakeholders, the company remains committed to driving profitability and adapting to market changes. By focusing on innovation and growth, Exxon Mobil Corporation continues to play a significant role in the energy industry and the global economy.
