Exxon Mobil reported a robust QQ2 2024, underscored by resilient profitability and strong operating cash flow despite a volatile energy backdrop. Revenue rose to $89.99B, up 11.38% year over year and 11.91% quarter over quarter, with gross profit of $20.20B and a gross margin of 22.44%. Net income reached $9.24B and EPS stood at $2.14, up 17.3% and 10.3% YoY, respectively. Operating income was $10.90B (12.11% margin), while EBITDA was $19.72B, reflecting continued efficiency and favorable product mix. In the quarter, Exxon generated strong operating cash flow of $10.56B and delivered total cash returns to shareholders via buybacks of about $5.33B and dividends of about $4.29B, contributing to a free cash flow of $4.33B and a net debt position of roughly $16.7B. The balance sheet remained exceptionally solid, with total assets of $460.7B, total liabilities of $184.4B, and stockholders’ equity of $268.4B, alongside liquidity of about $26.5B. The company maintains disciplined capital allocation and a robust leverage profile (debt/capital ~13.9%, interest coverage ~40x). Outlook considerations center on continued cash generation capability, resilience to commodity price swings, and continued prioritization of shareholder returns while funding strategic investments across upstream, downstream, and chemicals.