Exxon Mobil Corporation has announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in full-year earnings of $55.7 billion, or $13.26 per share assuming dilution. Fourth-quarter results included unfavorable identified items of $1.3 billion associated with additional European taxes on the energy sector and asset impairments, partly offset by one-time adjustments related to the Sakhalin-1 expropriation. Capital and exploration expenditures were $7.5 billion in the fourth quarter, bringing full-year 2022 investments to $22.7 billion, consistent with our guidance.
- Delivered industry-leading 2022 earnings, cash flow from operations, total shareholder return, and return on capital employed1
- Generated earnings of $55.7 billion and $76.8 billion of cash flow from operating activities in 2022 by leveraging an advantaged portfolio and delivering strong operational performance
- Increased year-over-year Guyana and Permian production by over 30%
- Achieved best-ever annual refining throughput in North America and the highest globally since 20122
- Operated Permian assets achieved zero routine flaring as of year-end 20223
- Started up one of the largest advanced recycling facilities in North America, capable of processing more than 80 million pounds of plastic waste per year
'The hard work and commitment of our people enabled us to deliver industry-leading operating and financial results and shareholder returns in 2022,' said Darren Woods, chairman and chief executive officer.
'While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed as economies began recovering and supplies became tight. We leaned in when others leaned out. Our plan for 2023 calls for further progress on our strategic objectives, which include leading the industry in safety, operating, and financial performance. We will continue to invest in our advantaged projects to deliver profitable growth, help meet society’s growing needs, and reduce emissions in our operations, while providing innovative solutions that help others reduce theirs.'
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Source: ExxonMobil
