ExxonMobil’s Q2 2025 results highlighted the critical role that its U.S. drilling operations — especially in the Permian Basin — continue to play in driving earnings, capital efficiency, and shareholder returns. Despite a dip in commodity prices, Exxon delivered resilient performance supported by record production volumes, structural cost reductions, and targeted capital deployment.

Permian Basin Account Directory – $10

Includes: Account Name, Location, Website, Phone, Wells Drilled……

🔹 Record Permian Production and Operational Strength

A cornerstone of Exxon’s Q2 success was Permian Basin output, which hit a record 1.6 million barrels of oil equivalent per day (boe/d). This helped boost total upstream production to 4.6 million boe/d — the highest second-quarter figure since the Exxon-Mobil merger over 25 years ago.

CEO Darren Woods emphasized that production growth in U.S. shale — particularly the Permian — offset more than half of the earnings decline caused by softer crude prices. The basin’s low-cost, high-margin profile continues to be central to Exxon’s strategy of maintaining stability across price cycles.

🛢️ U.S. Drilling Report: By the Numbers (2025 YTD)

New data from Exxon’s 2025 U.S. drilling report reinforces this operational focus:

Total new wells drilled: 513
Top states for activity:
- Texas: 319 wells drilled
- New Mexico (NM): 179 wells drilled
- North Dakota (ND): 15 wells drilled
Top 10 counties by well count: Eddy (NM)176, Midland (TX) 116, Martin (TX) 73, Reagan (TX) 58, Upton (TX) 42, Glasscock (TX) 23, Williams (ND) 13

This activity profile shows a clear concentration in the core counties of the Permian Basin, particularly Eddy County, NM and Midland County, TX, aligning with the company’s capital discipline and focus on advantaged assets.

💸 Capital Efficiency & Shareholder Returns

ExxonMobil continued to reward shareholders, with $9.2 billion returned in Q2 through dividends and share repurchases. The company has already repurchased 40% of the shares issued for the Pioneer acquisition and expects to complete $20 billion in total buybacks this year.

Capital expenditures in Q2 totaled $6.3 billion, with the majority allocated to U.S. upstream operations — including rig deployments and pad drilling programs across Texas and New Mexico.

🔍 Takeaway: The U.S. Drives Exxon’s Resilience

From record Permian production to a strong drilling footprint across Texas and New Mexico, ExxonMobil’s Q2 2025 report makes one thing clear: the U.S. remains the backbone of its upstream performance. With cost-advantaged barrels, capital discipline, and strategic project startups underway, the Permian Basin continues to underpin Exxon’s path forward — even in a lower-price environment.