Overview

• The company reported Q2 2025 earnings of $7.1 billion with production at 4.6 million barrels per day, its highest second-quarter level in 25 years.
• Management attributed part of the volume increase to the integration of Pioneer Natural Resources following its acquisition.
• Exxon returned $9.2 billion to shareholders in the quarter through dividends and share repurchases.
• On September 9, Exxon announced an agreement to acquire Superior Graphite’s technology and U.S. assets to enter synthetic graphite for EV battery anodes.
• Recent analyst coverage describes the shares as reasonably priced with strong liquidity supporting dividend longevity, while noting headwinds from weak oil prices and tariffs.