埃克森美孚 2024年度报告

AnnualReport24 2024 year in review -A league of our own Financial andoperatingperformance Competitive advantages deliver leading valuetoday and profitable growth far into the future $34BEARNINGS Deliveringadvantagedgrowthand strongoperationalperformance Investing inunmatchedopportunitiesintraditionalandnewbusinesses Deliveringleadingshareholder returns $55BCASH FLOW FROMOPERATIONS Higher synergies>$3B per year over nextdecade from Pioneer4 Leading safetyContinuing industryleadership in safetyperformance2 Increased dividends42 consecutive yearsof annual dividend pershare growth Grew high-valueproduct1salesDeveloping newproducts with high-value, high-growthapplications Highest production inmore than a decade4.3 Moebd with >50%from advantagedassets Highest sharerepurchases in morethan a decade>$19B in 2024 >$12BSTRUCTURAL COSTSAVINGS VS. 20191 20/30 by 2030firm plans to growearnings potential$20B & cash flowpotential $30B6 Building world’s onlyend-to-end carboncapture and storagesystem56.7 Mta of CO₂ undercontract Lower emissionsintensity>60% reduction inoperated methaneemissions intensitysince 20163 13%RETURN ONCAPITAL EMPLOYED1 $125B5-YEAR SHAREHOLDERDISTRIBUTIONS 14%5-YEAR TOTALSHAREHOLDERRETURN CAGR About the cover:Upstream operations in Carlsbad, New Mexico (front left). Permian Basinoperations (front right). Carbon capture and storage in LaBarge, Wyoming (back left). Fuelsand lubes lab in Rotterdam, Netherlands (back right). See supplemental information for footnotes, definitions, and cautionary statement beginning onpage 138 in this report. To our shareholders For ExxonMobil, success begins and ends with ourunique set of advantages: technology, scale, integration,execution excellence, and people. These advantagesput us in a league of our own and position us to dowhat few can do – create world-scale solutions to someof society's biggest challenges, now and decades intothe future. Financially, we delivered the third-highest annualearnings in a decade at $34 billion, with cash flowfrom operations of $55 billion. The strength of ourbusinesses and the cash they generate allows us tofund profitable growth and reward shareholders withgrowing dividends and share repurchases across avariety of market conditions. Over the past five years, we've outperformed ourpeers, increasing cash flow at a higher rate, delivering$125 billion in shareholder distributions, and growingour total shareholder return at a compound annualgrowth rate of 14% – 600 basis points higher thanour closest competitor. In 2024, we leveraged these advantages to achieveoutstanding safety, emissions, operational, andfinancial performance. Results that collectively, noother company can match. We completed the transformational Pioneer merger,strengthening the bestUpstream portfolioin theindustry.1We produced 4.3 million oil-equivalentbarrels per day, our highest rate in more than 10 years,to help meet record global demand. More than half ofour volumes now come from our advantaged assetsincluding the Permian Basin, LNG, and Guyana, theworld’s premier deepwater development. For more than 140 years, we've met society's evolvingneeds every step of the way. Today, our transformedcompany is creating unmatched value. Our competitiveadvantages, especially our talented people, will ensureExxonMobil continues to play an indispensable rolein the future, providing solutions the world needs andcreating substantial shareholder value. We achieved record sales of high-value products²in ourProduct Solutions business. We also laid thegroundwork for innovative new products, includingour revolutionary Proxxima™ resin system thatproduces products that are stronger and lighter thansteel, and advanced carbon materials that can be usedin lithium batteries to boost EV range by 30%. Thesetwo product applications alone represent a potentialmarket of $100 billion by 2030.3 Thank you for investing in ExxonMobil. We demonstrated strong market interest in ourLow Carbon Solutionsbusiness through new equitypartnerships and customer contracts. We’re the onlycompany with a world-scale, end-to-end CCS system4uniquely positioning us to support large-scale industrialbusinesses seeking to reduce emissions. Upstream 4.3million In the Permian Basin, we delivered record production fromboth our heritage ExxonMobil assets and our Pioneer assets –on our way to 2.3 million barrels per day by 2030. oil-equivalent barrels per day -highest in >10 years up to15% We’ve built the best Upstream portfolio in the industry.1In 2024, we achieved the highest-ever production fromour advantaged assets in the Permian Basin and Guyana,which offer high returns and low cost of supply. Morebroadly, we delivered the highest liquids production fromour overall portfolio in more than 40 years. higher recovery potential so far, using patentedlightweight proppant in the Permian Basin5 We completed the Pioneer merger in about half the timeit has taken other companies to close sim