🔹 Adj. EPS: $1.67 (Est. $1.55) 🟢; DOWN -14.3% YoY
🔹 Revenue: $83.43B (Est. $83.71B) 🟡; DOWN -5.5% YoY
🔹 Net Income: $7.6B (Est. $6.85B) 🟢; DOWN -19% YoY
🔹 Operating Cash Flow (CFFO): $12.2B (Est. $13.58B) 🔴; DOWN -30.5% YoY
🔹 Free Cash Flow (FCF): $8.0B (Est. $6.28B) 🟢; DOWN -28.3% YoY
🔹 Capital & Exploration Expenditures: $7.5B (Est. $6.44B) 🔴; UP +5% YoY
Segment Performance:
🔹 Upstream Earnings: $6.5B (Est. $3.78B) 🟢; UP +6% YoY
🔹 U.S. Upstream Earnings: $1.26B (Est. $1.82B) 🔴
🔹 International Upstream Earnings: $5.24B (Est. $4.40B) 🟢
🔹 Energy Products Earnings: $402M (Est. Not Provided); DOWN -70% YoY
🔹 Chemical Products Earnings: $120M (Est. $430.5M) 🔴; DOWN -87% YoY
🔹 Specialty Products Earnings: $746M (Est. Not Provided); DOWN -6% YoY
Production & Operational Metrics:
🔹 Total Production: 4,602K BOE/d (UP +16% YoY) 🟢
🔹 Permian Basin Production: Record levels 🟢
🔹 Guyana Production: Record levels 🟢
🔹 U.S. Oil Production: 1,256K BOE/d
🔹 International Oil Production: 5,242K BOE/d
🔹 Total Gas Production: 8,024 MMCF/d
Financial & Capital Allocation:
🔹 Dividend Increase: +4% to $0.99/share, payable March 10, 2025
🔹 Share Buybacks: $19.3B in FY24; Extended $20B annual buyback through 2026
🔹 Return on Capital Employed (ROCE): 12.7% (Industry Leader) 🟢
🔹 Debt-to-Capital Ratio: 13%
FY25 Guidance & Strategic Updates:
🔹 Upstream Growth: Plans to expand production in Guyana & Permian Basin
🔹 Capex Guidance: $27B-$30B (Focus on low-cost production & structural cost savings)
🔹 Structural Cost Savings Target: $18B by 2030 (Achieved $12.1B since 2019)
🔹 Asset Divestments: Raised $5.0B in 2024 from asset sales