In 2024, ExxonMobil's Upstream division recorded a net income of 25.4 billion U.S. dollars, up from 21.3 billion U.S. dollars in the previous year. ExxonMobil reported a historic loss in 2020, racking up a net loss of over 20 billion U.S. dollars from its upstream business. 2020 was the only year in this 22-year period when ExxonMobil reported a loss from exploration and production as transportation fuel demand fell around the world.
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