ExxonMobil reported a strong fourth quarter, with adjusted earnings per share of $1.71, surpassing analyst expectations of $1.68, and revenues of $82.31 billion, above forecasts. Despite challenges from declining oil prices affecting industry profits, both Exxon and Chevron benefitted from higher production volumes that cushioned their results. Exxon also reached its highest full-year net production in over 40 years, averaging 4.7 million oil-equivalent barrels per day, and plans significant capital expenditures between $27 billion and $29 billion for 2026.
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