Exxon Mobil Corporation reported a net income of $28.8 billion for the fiscal year ending December 31, 2025, a decrease from $33.7 billion in 2024. The company's total revenues for 2025 were $323.9 billion, down from $339.2 billion in the previous year. The decline in profitability was attributed to lower crude oil prices and increased production costs, despite a record production of 4.7 million oil-equivalent barrels per day, which marked the highest output in over 40 years. The average production costs per oil-equivalent barrel were $11.29, reflecting a slight increase from $11.70 in 2024.
In terms of operational metrics, ExxonMobil's production of crude oil and natural gas liquids rose to 3.3 million barrels per day, while natural gas production increased to 8.4 billion cubic feet per day. The company also reported a total of 58,000 employees at the end of 2025, a decrease from 61,000 in 2024. The company’s capital expenditures for the year were approximately $31.5 billion, which included significant investments in the Permian Basin and Guyana, as well as ongoing projects in liquefied natural gas (LNG).
Strategically, ExxonMobil completed the acquisition of Pioneer Natural Resources in May 2024, which was valued at $63 billion. This acquisition is expected to enhance ExxonMobil's production capabilities, particularly in the Permian Basin, where production is projected to reach approximately 2.5 million oil-equivalent barrels per day by 2030. Additionally, the company has made strides in its Low Carbon Solutions business, focusing on carbon capture and storage, hydrogen production, and lower-emission fuels.
Looking ahead, ExxonMobil anticipates continued growth in production capacity from several projects expected to come online in the next few years. The company has set a capital investment range of $27 billion to $29 billion for 2026, with a focus on maintaining a strong financial position to support its long-term growth strategy. The outlook remains cautious, with management noting that future earnings will be influenced by commodity price fluctuations, regulatory changes, and the ongoing transition to lower-emission energy sources.
About EXXON MOBIL CORP
Exxon Mobil Corporation is a global energy leader engaged in exploration, production, and sale of crude oil, natural gas, and petrochemicals. It operates through diverse segments, including upstream oil and gas, refining, and chemicals, serving worldwide markets. The company emphasizes technological innovation, environmental sustainability, and lower-emission energy solutions, leveraging extensive research, proprietary patents, and strategic acquisitions to maintain competitive advantage in the evolving energy industry.
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