ExxonMobil Holdings reported record oil output and revenue while keeping capital spending at lower levels, with management pointing to higher production from high-return assets such as the Permian Basin as a key driver. The company said technology and efficiency gains allowed it to sustain operations despite geopolitical risks affecting Middle East supply routes. ExxonMobil is one of the largest US-based oil and gas producers, with operations spanning crude and natural gas fields in the United States, Canada, and other international regions. The update tests whether ExxonMobil can keep squeezing more barrels and dollars out of Guyana, the Permian and its Energy Products segment without loosening its spending rules, while a tighter capital budget that still leans on hydrocarbons outside the Middle East sharpens the risk of slower diversification into low carbon projects compared with peers like Shell or Chevron.
Exxon Mobil CorpExxonMobil reported record oil output and revenue while holding capital spending at lower levels.
Shell plc
Chevron Corp
