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Exxon Mobil Q2 Earnings Surpass Estimates on Record Production and Shareholder Returns
Exxon Mobil Q2 Earnings Surpass Estimates on Record Production and Shareholder Returns
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Exxon Mobil Corporation delivered a stronger-than-expected second quarter, with earnings of $7.1 billion ($1.64 per share) outpacing the $1.47 consensus. Record upstream production—up 13% year-over-year to 4.6 million oil-equivalent barrels daily—fueled the performance, bolstered by Pioneer Natural Resources' integration and Permian Basin efficiency.
Cash FLOW metrics remained robust: $11.5 billion in operating cash flow and $5.4 billion in free cash flow. The company returned $9.2 billion to shareholders, including $5 billion in buybacks, underscoring its capital discipline. Despite the beat, XOM shares dipped 1.69% to $109.75 amid broader energy sector volatility.
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