1Q 2022 earnings overview
- Earned $5.5 billion in first quarter 2022; generated $14.8 billion of cash flow from operating activities, more than covering capital investment and shareholder distributions
- Earnings excluding identified items were $8.8 billion, an increase of more than $6 billion versus the first quarter of 2021, after adjusting for a $3.4 billion after-tax charge related to the company's Russia Sakhalin-1 operation
- Announced increase in share repurchase program up to a total of $30 billion through 2023
- Achieved first oil at the Liza Phase 2 development in Guyana; Payara FPSO construction approximately five months ahead of schedule with start-up likely before year-end 2023; announced five new discoveries, increasing the estimated recoverable resource base for the Stabroek block to nearly 11 billion oil-equivalent barrels
- Progressed significant lower-emission opportunities, including plans for a world-scale blue hydrogen plant supported by one of the world's largest carbon capture and storage projects in Baytown, Texas, and received top certification for methane emission management at Poker Lake in the Permian Basin
- Effective April 1, to further capture benefits of technology, scale, and integration, the corporation formed ExxonMobil Product Solutions, combining world-scale Downstream and Chemical businesses, and centralized Technology & Engineering and Operations & Sustainability groups
For reconciliation of and other information about non-GAAP measures, please refer to the earnings release.
$5.5 B
earnings
$8.8 B
earnings ex. identified items
$14.8 B
cash flow from operating activities
$5.8 B
shareholder distributions
Materials and replays
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First quarter 2022 earnings - webcast replay
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First quarter 2022 - prepared remarks
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Supplemental information - MS Excel
First quarter 2022 earnings supplemental - MS Excel version
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First quarter 2022 earnings supplement - PDF version
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Prepared remarks
First quarter 2022 earnings - prepared remarks
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First quarter 2022 earnings - transcript
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Cautionary statement
First quarter 2022 earnings - cautionary statement
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Webcast replay
First quarter 2022 earnings - webcast replay
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First quarter 2022 - prepared remarks
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Press release
First quarter 2022 earnings - press release
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Presentation
First quarter 2022 earnings - presentation
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Supplemental information - MS Excel
First quarter 2022 earnings supplemental - MS Excel version
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Supplemental information - PDF version
First quarter 2022 earnings supplement - PDF version
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Prepared remarks
First quarter 2022 earnings - prepared remarks
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Transcript
First quarter 2022 earnings - transcript
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Cautionary statement
First quarter 2022 earnings - cautionary statement
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