Exxon Mobil Corporation has announced its second-quarter 2024 earnings of $9.2 billion, or $2.14 per share assuming dilution. According to the company, cash flow from operating activities was $10.6 billion and cash flow from operations excluding working capital movements was $15.2 billion.
It added that, “Shareholder distributions of $9.5 billion included $4.3 billion of dividends and $5.2 billion of share repurchases, consistent with the company’s announced plans.

“Delivered industry-leading second-quarter earnings of $9.2 billion1, showcasing the differentiated strengths of ExxonMobil’s portfolio and its improved earnings power
The Pioneer merger, which closed five months faster than similar transactions and fundamentally transforms the Upstream portfolio, contributed $0.5 billion to earnings in the first two months post-closing2 with record production, and integration and synergy benefits are exceeding expectations”
Exxon Mobil, further added that the achieved record production in Guyana and heritage Permian; Upstream total net production grew by 15%, or 574,000 oil-equivalent barrels per day, from the first quarter.
These, it said, expanded the company’s value proposition by progressing new businesses including furthering carbon capture and storage (CCS) leadership with a new agreement that increased total contracted CO2 offtake with industrial customers to 5.5 million metric tons per year, more committed volume than any other.