ExxonMobil's revenue and expenses in Q4 2024 showed a significant contrast between the company's core business segments and its corporate functions.
- Revenue by Business Segments:
- ExxonMobil's Energy segment generated $200.16 billion in revenue, which, when combined with other segments, contributed to the overall revenue of $26.45 billion for Upstream, $25.39 billion for Upstream, $17.58 billion for Chemical, $13.93 billion for Specialty Products, $4.03 billion for Energy, $3.05 billion for Specialty Products, $2.58 billion for Chemical, $74 million for Corporate and Financing, and -$1.37 billion for Corporate and Financing.
- The Energy segment alone accounted for the majority of the revenue, indicating a strong performance in the oil and gas market.
- Operating Expenses: The company's operating expenses were not explicitly disclosed in the report. However, the net income of $35.06 billion suggests that ExxonMobil managed to maintain profitability despite any potential challenges in controlling costs.
- Net Income: ExxonMobil reported a net income of $35.06 billion in Q4 2024, which is a positive indicator of the company's financial performance during the period.
In conclusion, ExxonMobil's revenue in Q4 2024 was robust, driven primarily by the Energy segment, while the company's corporate functions, particularly the Corporate and Financing area, showed a negative trend. The net income of $35.06 billion reflects the company's ability to generate profits despite any operational challenges.
4/14/2025 09:39am
