🚨 Exxon 2025 Earnings
💰How they made money?
🇺🇸Total earnings excluding financing costs $28B.
Segment contribution:
• Upstream $21B (-16% YoY)
• Energy Products $7B (+84% YoY)
• Specialty Products $3B (-6% YoY)
• Chemical Products $1B (-69% YoY)
Upstream still dominant
But downstream is carrying more weight