EXXON MOBIL CORP Earnings Per Share Disclosure
| Earnings per common share | 2025 | 2024 | 2023 | ||||||||
Net income (loss) attributable to ExxonMobil (millions of dollars) | 28,844 | 33,680 | 36,010 | ||||||||
Weighted-average number of common shares outstanding (millions of shares) (1) | 4,305 | 4,298 | 4,052 | ||||||||
Earnings (loss) per common share (dollars) (2) | 6.70 | 7.84 | 8.89 | ||||||||
Dividends paid per common share (dollars) | 4.00 | 3.84 | 3.68 | ||||||||
(1) Includes restricted shares not vested as well as 545 million shares issued for the Pioneer acquisition on May 3, 2024. | |||||||||||
(2) The earnings (loss) per common share and earnings (loss) per common share - assuming dilution are the same in each period shown. | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 22, 2017 | |
| 2015 | Feb 24, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.