ExxonMobil reported strong third-quarter earnings and cash flow, driven by operational execution and strategic growth initiatives in key areas like the Permian Basin and Guyana. The company continued to return significant capital to shareholders while advancing its long-term project pipeline.
Generated strong third-quarter earnings of $7.5 billion and cash flow from operations of $14.8 billion.
positiveReturned $9.4 billion to shareholders in the quarter, including $4.2 billion in dividends and $5.1 billion in share repurchases.
positiveAdvanced growth ambitions with Permian acreage acquisitions and started up eight of 10 key projects for 2025.
positiveGuyana production surpassed 700,000 barrels per day, with the Yellowtail development starting up early and under budget.
positivePermian production reached nearly 1.7 million oil-equivalent barrels per day, with proprietary technologies improving well recoveries.
positiveYear-to-date earnings of $22.3 billion decreased by $3.7 billion compared to the same period last year.
negativeYear-to-date earnings were impacted by weaker crude prices and bottom-of-cycle chemical margins.
attentionCorporate and Financing net charges increased by $1.1 billion year-to-date compared to the prior year, due to lower interest income and increased pension-related expenses.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
ExxonMobil had a strong third quarter, continuing to demonstrate that we are truly in a league of our own.
Delivered the highest earnings per share compared to other quarters in a similar oil-price environment.
Broke records with quarterly production surpassing 700,000 barrels per day in Guyana, and started up the Yellowtail development four months early and under budget.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.