ExxonMobil has posted revenue of $93 billion in the second quarter of 2024, which is an increase from almost $83 billion a year earlier.
It also reported earnings of $9.2 billion in the second quarter. The amount is 16 per cent higher than the same period of 2023 as its upstream.
These were contained in a company statement seen by Sunday Telegraph yesterday.
It also reported it’s highest ever oil production in the second quarter of 2024, underpinned by its prolific assets in Guyana and the US Permian basin.
According to the report, production in the quarter averaged 4.358 million barrels of oil equivalent per day, an increase of 15 per cent, or 574,000 bpd, compared to the first quarter.
ExxonMobil presented its second-quarter earnings which showed that profits and revenues are both higher than they were the same time last year, with the oil giant clearing $9.2 billion on a $93 billion bottom line (up 17 per cent and 12 per cent respectively). Fueling all that cash is record oil production — including from a Caribbean claim that has the company tied up in legal proceedings with its biggest rival.
Chief Executive Officer, ExxonMobil, Darren Woods said in a statement accompanying the financials that Exxon was pumping 4.1 million barrels of crude-equivalents a day.
He said: “We delivered our second-highest 2Q earnings of the past decade as we continue to improve the fundamental earnings power of the company,”
“We achieved record quarterly production from our low-cost-of-supply Permian and Guyana assets, with the highest oil production since the Exxon and Mobil merger.”