Q3 Downstream Income Jumps ~$4.5B as Exxon Weighs Halving Guyana LNG Exports
XOM sits 61% above its 52-week low of $110.385.
Summary
Exxon's Q3 downstream adjusted net income came in near $8.5B, roughly $4.5B above Q2, even after absorbing about $1.3B from lower liquids prices and $2.5B of timing effects. The bigger operational wrinkle: Exxon says it needs about 2 bcfd of offshore gas for reinjection to hit crude targets, which could cut Guyana-linked FLNG exports from roughly 6 mtpa to about 3 mtpa, with talks with Guyana still ongoing. Middle East unrest also produced losses on settled hedges that physical shipments did not offset. Analysts have lifted 2026 forecasts and at least one upgraded to Buy, though the stock sits near its 52-week high of $179.16, leaving limited upside after the rally. Q3 results land Oct 30.
At the time of this announcement, XOM was trading at $177.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $736B. The 52-week trading range was $110.39 to $179.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.