ExxonMobil's upstream net profit 2001-2023

In 2023, ExxonMobil's Upstream division recorded a net income of 21.3 billion U.S. dollars, up from 36.5 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.