
ExxonMobil Nets $36 Billion Amid Lower Prices and Upstream Growth
Exxon Mobil CorporationDescription
What this story covers
ExxonMobil's 2023 10-K reveals 36 billion dollars net income, down from 2022 peaks due to normalizing energy prices, but with strong cash flow of 55 point 4 billion dollars from operations. Upstream earnings of 21 point 3 billion dollars drove growth in Permian and Guyana, while reserves stood at 16 point 9 billion boe. The company advances lower-emission tech amid risks from volatility, regulations, and transition. Segments show resilience, supporting dividends and buybacks.
Story snapshot
CompanyExxon Mobil Corporation
TickerXOM
VariantStandard detailed
Duration13:13
Filing type10-K
PeriodAnnual 2023
IndustryEnergy
Accession0000034088-24-000018
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