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Exxon Mobil | ARS: Annual Report to Security Holders

SEC announcement ·  Apr 11 21:04
Summary by Futu AI
Exxon Mobil Corporation (ExxonMobil) reported a decrease in annual total shareholder return (TSR) to -6.2% in 2023, with a 5-year TSR of 13.6% and a 10-year return of 4.3%. The company's stock performance was compared to the S&P 500 and an industry competitor group consisting of BP, Chevron, Shell, and TotalEnergies. Despite the downturn in 2023, ExxonMobil's stock showed strong performance over the 5-year and 10-year periods. The company's financial strength and diverse portfolio of opportunities were highlighted as key factors in managing the risks associated with changes in commodity prices, currency rates, and interest rates. ExxonMobil's forward-looking statements included discussions of future carbon capture, transportation, and storage plans, as well as other emission reduction initiatives dependent on market factors and policy support.
Exxon Mobil Corporation (ExxonMobil) reported a decrease in annual total shareholder return (TSR) to -6.2% in 2023, with a 5-year TSR of 13.6% and a 10-year return of 4.3%. The company's stock performance was compared to the S&P 500 and an industry competitor group consisting of BP, Chevron, Shell, and TotalEnergies. Despite the downturn in 2023, ExxonMobil's stock showed strong performance over the 5-year and 10-year periods. The company's financial strength and diverse portfolio of opportunities were highlighted as key factors in managing the risks associated with changes in commodity prices, currency rates, and interest rates. ExxonMobil's forward-looking statements included discussions of future carbon capture, transportation, and storage plans, as well as other emission reduction initiatives dependent on market factors and policy support.

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