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ExxonMobil Tops EPS Estimates at $4.23 as Adjusted Earnings Reach $17.5 Billion

The company declared a fourth-quarter dividend of $1.07 per share and announced $20 billion in 2027 share repurchases, assuming reasonable market conditions.

By Zintick Team · Editor: Kratik Mehta
Published

Aerial drone night shot of petrochemical industrial complex with oil refinery in area of Elefsina, Attica, Greece
Photo: Greens and Blues/Shutterstock.com

Key points

  • Adjusted EPS of $4.23 beat the $4.03 average analyst estimate
  • GAAP EPS was $3.72; GAAP earnings $15.4 billion, up from $14.5 billion in Q2
  • Free cash flow $19.1 billion; shareholder distributions $9.4 billion
  • Fourth-quarter dividend $1.07 per share; $20 billion in 2027 buybacks planned

ExxonMobil Holdings Corp (NYSE: XOM) reported third-quarter adjusted earnings of $17.5 billion, or $4.23 per share, above the $4.03 average analyst estimate, in an 8-K filed Friday, Oct. 30. On a U.S. GAAP basis, earnings were $15.4 billion, or $3.72 per share, up from $14.5 billion in the second quarter.

Year to date, GAAP earnings were $34.1 billion, compared with $22.3 billion a year earlier. Adjusted earnings for the first nine months were $41.0 billion, against $22.5 billion in the same period of 2025.

Segment results

Upstream adjusted earnings were $7.3 billion in the quarter. Energy Products adjusted earnings were $9.05 billion. Chemical Products adjusted earnings were $725 million, and Specialty Products were $1.28 billion. Corporate and Financing posted a loss of $864 million.

Upstream production was 4.50 million oil-equivalent barrels a day, compared with 4.51 million in the second quarter. The company said Energy Products earnings improved on higher margins and 100% crude unit utilization at its U.S. Gulf Coast refineries.

Cash and shareholder returns

Cash flow from operating activities was $25.7 billion and free cash flow was $19.1 billion. Shareholder distributions totaled $9.4 billion, including $4.3 billion in dividends and $5.1 billion in share repurchases. The company reported nearly $11 billion of year-to-date net debt reduction, leaving net debt at $22.1 billion as of Sept. 30.

The board declared a fourth-quarter dividend of $1.07 per share, payable Dec. 10 to holders of record at the close of business on Nov. 16. The company said it has raised its annual dividend per share for 44 consecutive years.

Outlook

ExxonMobil said it plans $20 billion in share repurchases for 2027, assuming reasonable market conditions. The release did not give fourth-quarter earnings guidance. The average analyst estimate for fourth-quarter EPS is $3.88.

The stock closed at $183.29 on Thursday, Oct. 29, the last close before the filing, with a market capitalization of about $753.67 billion.

Sources

Written with AI from the company's results filing with the SEC, analysts' estimates where we had them, and our market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the ExxonMobil page.