Exxon Mobil Corporation reported a robust second-quarter earnings for 2024, with a profit of $9.2 billion, marking a significant increase from the first quarter's $8.2 billion. The earnings were bolstered by the successful integration of the Pioneer merger, which added $0.5 billion to the earnings within the first two months post-closing. The company also achieved record production in Guyana and the Permian Basin, contributing to a 15% increase in net production from the previous quarter. Exxon Mobil's strategic advancements in carbon capture and storage (CCS) have led to a contracted CO2 offtake of 5.5 million metric tons per year, positioning the company as a leader in CCS. Capital and exploration expenditures rose to $7.0 billion in the second quarter, with year-to-date spending reaching $12.9 billion. The company declared a third-quarter dividend of $0.95 per share, payable on September 10, 2024, and plans to repurchase over $19 billion of shares in 2024. The company's debt-to-capital ratio stood at 14%, reflecting a strong balance sheet.

Exxon Mobil Corporation reported a robust second-quarter earnings for 2024, with a profit of $9.2 billion, marking a significant increase from the first quarter's $8.2 billion. The earnings were bolstered by the successful integration of the Pioneer merger, which added $0.5 billion to the earnings within the first two months post-closing. The company also achieved record production in Guyana and the Permian Basin, contributing to a 15% increase in net production from the previous quarter. Exxon Mobil's strategic advancements in carbon capture and storage (CCS) have led to a contracted CO2 offtake of 5.5 million metric tons per year, positioning the company as a leader in CCS. Capital and exploration expenditures rose to $7.0 billion in the second quarter, with year-to-date spending reaching $12.9 billion. The company declared a third-quarter dividend of $0.95 per share, payable on September 10, 2024, and plans to repurchase over $19 billion of shares in 2024. The company's debt-to-capital ratio stood at 14%, reflecting a strong balance sheet.