ExxonMobil Sees 4.7M boe/d Record Output, Net Income Drops 14%
ExxonMobil posted record 4.7 million boe/d production in 2025 while net income declined 14% to $28.8 billion on $90 average WTI. Retail Reddit sentiment slid from 72 on February 20 to 46 March 10, and free cash flow dropped 15% to $26.1 billion as capex rose 19% to $29 billion.
1. Production and Financial Results
ExxonMobil achieved record annual production of 4.7 million oil-equivalent barrels per day in 2025, the highest in over four decades. Despite higher volumes, full-year net income fell 14% to $28.8 billion, primarily due to WTI crude averaging around $90 per barrel.
2. Retail Sentiment Trends
The proprietary Reddit sentiment score peaked at 72 on February 20 before cooling to 46 by March 10, reflecting a shift from bullish to neutral sentiment. The stock remains up over 25% year-to-date, prompting debate on valuation and timing.
3. Cash Flow and Capital Spending
Free cash flow for 2025 declined 15% to $26.1 billion as capital expenditures rose 19% to $29 billion, compressing shareholder returns. The Chemical Products segment recorded a $281 million loss in Q4, offsetting upstream gains.
4. Growth Initiatives
ExxonMobil has delivered $15.1 billion in structural cost savings since 2019 and aims for $20 billion by 2030. The company touts 43 consecutive years of dividend growth, plans $20 billion in share repurchases for 2026, and anticipates first Golden Pass LNG cargoes in Q1 2026.