Summary by Futu AI
Exxon Mobil Corporation, one of the world's largest publicly traded energy providers and chemical manufacturers, has released its full-year 2023 financial results. The report, dated February 2, 2024, details a year of significant financial achievements despite challenges. Exxon Mobil delivered industry-leading earnings of $36.0 billion, generated $55.4 billion in cash flow from operating activities, and distributed $32.4 billion to shareholders. The company also reported increased production in Guyana and the Permian region by 18% compared to 2022 and achieved a record annual refinery throughput. Exxon Mobil's strategic moves included $4.1 billion in non-core asset divestments and two acquisitions aimed at transforming the Upstream business and accelerating Low Carbon Solutions. Additionally, the company launched the new Mobil Lithium business, targeting the supply of lithium for...Show More