ExxonMobil reports stronger third-quarter earnings as cash flow and planned buybacks rise
ExxonMobil reported $15.4 billion of third-quarter earnings, $17.5 billion adjusted earnings and $19.1 billion of free cash flow, while announcing $20 billion of planned 2027 share repurchases.
ExxonMobil reported third-quarter 2026 earnings of $15.4 billion on 30 October, with adjusted earnings of $17.5 billion and operating cash flow of $25.7 billion. The company said production growth, refining performance and cost savings supported results as energy markets remained volatile.
Earnings and cash generation
Reported earnings rose from $14.5 billion in the second quarter to $15.4 billion. Adjusted earnings increased to $17.5 billion, or $4.23 per diluted share, from $14.7 billion, or $3.52 per share, in the prior quarter. ExxonMobil reported $19.1 billion of free cash flow and $9.4 billion of shareholder distributions, including dividends and repurchases.
Segment performance
Energy Products was the largest sequential contributor, with GAAP earnings of $7.2 billion versus $5.5 billion in the second quarter. Upstream earnings were $7.1 billion, down from $7.9 billion as lower prices and a Guyana entitlement effect offset production and project contributions. Chemical Products earnings fell to $735 million from $1.1 billion, while Specialty Products earnings rose to $1.3 billion.
ExxonMobil said year-to-date upstream production reached milestones of one billion barrels at Guyana and Kearl, while PNG LNG reached 100 million tonnes. It also highlighted record year-to-date refining utilization excluding Middle East impacts and higher diesel output.
What to watch
- Oil and refining margins, which can change upstream and Energy Products earnings quickly.
- Execution of the Papua LNG and Mozambique LNG portfolio changes announced with the results.
- Whether structural cost savings and production growth persist as prices and margins move.
- Balance-sheet and capital-allocation choices alongside the planned 2027 repurchases.
The release provides company-reported results and operating commentary; it does not establish a forecast for future commodity prices or ExxonMobil earnings. Investors will need to track market prices, project execution and the company’s subsequent filings and disclosures.
GAAP earnings
$15.4B
↑ +$0.9B vs Q2 Q3 2026
Adjusted earnings
$17.5B
↑ +$2.8B vs Q2 Q3 2026
Operating cash flow
$25.7B
Q3 2026
Free cash flow
$19.1B
Q3 2026
Sources
Quarterly revenue, ExxonMobil
Twelve quarters of figures
| Quarter | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $90.8B | $84.3B | $83.1B | $93.1B | $90.0B | $83.4B | $83.1B | $81.5B | $85.3B | $82.3B | $85.1B | $116.0B |
| Revenue growth | −19.0% | −11.6% | −4.0% | 12.2% | −0.8% | −1.1% | 0.1% | −12.4% | −5.3% | −1.3% | 2.4% | 42.3% |
| Net income | $9.1B | $7.6B | $8.2B | $9.2B | $8.6B | $7.6B | $7.7B | $7.1B | $7.5B | $6.5B | $4.2B | $14.5B |
| Diluted EPS | $2.25 | $1.91 | $2.06 | $2.14 | $1.92 | $1.72 | $1.76 | $1.64 | $1.76 | $1.54 | $1.00 | $3.48 |
| Cash from operations | $16.0B | $13.7B | $14.7B | $10.6B | $17.6B | $12.2B | $13.0B | $11.6B | $14.8B | $12.7B | $8.7B | $23.6B |
| Capital expenditure | $4.9B | $6.2B | $5.1B | $6.2B | $6.2B | $6.8B | $5.9B | $6.3B | $8.7B | $7.5B | $6.5B | $6.5B |
| Free cash flow | $11.0B | $7.5B | $9.6B | $4.3B | $11.4B | $5.4B | $7.1B | $5.3B | $6.1B | $5.2B | $2.2B | $17.0B |
| Dividends and buybacks | $8.1B | $8.5B | $6.8B | $9.6B | $9.8B | $10.2B | $9.1B | $9.3B | $9.4B | $9.7B | $9.2B | $9.4B |
This story describes figures the company has published. It is for information only and is not investment advice or a recommendation to buy, sell or hold any security. Check the original filings before relying on any figure. Stoqly is not affiliated with the SEC or ExxonMobil.
