ExxonMobil has unveiled a strong fourth-quarter performance, touting adjusted earnings per share of $1.71, beating expectations of $1.68, alongside revenue of $82.31 billion, exceeding forecasts. This growth coincides with the company achieving its highest full-year net production in over 40 years at 4.7 million oil-equivalent barrels per day. However, both Exxon and Chevron noted annual profit declines as lower oil prices continue to challenge the industry, even as Exxon plans to invest up to $29 billion in capital expenditures for 2026.
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