Quick Read – XOM generated over $100 billion in operating cash flow across fiscal 2024 and 2025, funding $17 billion in dividends and $20 billion in buybacks. – CEO Darren Woods says Golden Pass LNG’s three trains will boost US LNG exports roughly 15%, adding measurable growth…
already record Permian and Guyana output. – ExxonMobil’s 3% dividend yield is backed by 43 straight years of growth and a balance sheet carrying 56x interest coverage. – The headline number is not a forecast or a promise. It is what Exxon Mobil (NYSE:XOM) has already put through the register across the past two fiscal years, and it explains why the market is willing to pay nearly 23-times trailing earnings for a business tied to a commodity that just fell 21.2% in a single month
The Number ExxonMobil generated $52 billion in operating cash flow in fiscal year 2025, on top of $55 billion in fiscal 2024. That two-year haul is the cash flow story amounts to the total the title refers to, and it is a reported figure straight out of the company’s audited statement of cash flows, not guidance and not consensus. Free cash flow for 2025 landed at $23.61 billion after $28.36 billion in capital expenditures.
What It Means Operationally, that cash paid for everything at once. ExxonMobil returned $17.23 billion in dividends and completed $20.27 billion in share repurchases in 2025, while lifting capex 19.30% year over year to fund growth in Guyana, the Permian, and Golden Pass LNG. Exxon’s dividend has now been raised annually for 43 consecutive years, with management raising its payout in Q4 2025 by 4%.