ExxonMobil Beats Q3 Estimates, Lifts Dividend and Sets $20B 2027 Buyback
XOM sits 67% above its 52-week low of $112.51 on light trading volume (0.2× avg).
Summary
ExxonMobil beat on both lines for the third quarter: adjusted EPS of $4.23 versus $4.08 consensus and revenue of $113.16 billion against a $103.10 billion estimate. Refining did the heavy lifting — Energy Products adjusted earnings more than doubled to $9 billion from $4.1 billion, with Gulf Coast crude unit utilization at 100% and diesel output near record levels. The company raised the quarterly dividend to $1.07 from $1.03 and set a $20 billion share repurchase target for 2027, while returning $9.4 billion to shareholders in the quarter. Cash generation was strong at $25.7 billion operating and $19.1 billion free cash flow, and net debt fell nearly $11 billion year to date. Upstream softened to $7.3 billion from $9.2 billion on lower commodity prices and a Guyana entitlement impact, and Chemicals fell to $725 million from $1.2 billion — the refining boom is carrying the quarter. Full-year capex is guided to $27-29 billion, and the fifth Guyana FPSO is slated to start in late Q4.
At the time of this announcement, XOM was trading at $188.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $773.1B. The 52-week trading range was $112.51 to $188.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.