- Dividend up again, continuing four-decade streak
- Earnings fall against 2023
The world’s top independent oil company Exxon-Mobil (US:XOM) is not immune to the lower prices that knocked earnings across the sector in 2024. The company reported a 13 per cent drop in adjusted earnings for the year at $33.5bn (£27bn), although beat analyst forecasts by 1.6 per cent thanks to lower corporate costs. Payouts continue to rise, with the first-quarter dividend rising 4 per cent to 99¢. Buybacks worth $19.3bn were completed in the year, and the company will continue its $20bn in annual repurchases for another two years.