Spring, Texas-based ExxonMobil said last week in 2024 it reached its highest production in more than a decade in a surge driven by record outputs from Permian Basin and offshore Guyana. The company’s net production averaged 4.3 million boed – marking an increase of 16 percent from 2023. Exxon said earnings increased $1.6 billion “due to advantaged assets volume growth from record Guyana and Permian Basin production and structural cost savings.”
Darren Woods, chairman and CEO, said Jan. 31, “Operationally, we delivered strong results on safety, reliability and emissions. Financially, we delivered some of our highest earnings and operating cash flow in a decade… We’ve built a long runway of value creation. We’re confident we’ll deliver on the plans we laid out to generate significantly more earnings and cash not only to 2030 but well beyond.”