Financial Data and Key Metrics Changes - The company reported its highest earnings per share in the third quarter compared to other quarters in a similar price environment [3] - The company expects to deliver more than $3 billion in earnings contributions next year at constant prices and margin [10] Business Line Data and Key Metrics Changes - In Guyana, production exceeded 700,000 barrels per day, with the Yellowtail project coming online four months ahead of schedule, contributing 250,000 barrels per day [3][4] - The Permian Basin achieved a production record of nearly 1.7 million oil-equivalent barrels per day, with the acquisition of over 80,000 net acres enhancing drilling opportunities [4][5] Market Data and Key Metrics Changes - The company anticipates that about 25% of its wells will utilize a new patented proppant this year, increasing to approximately 50% by the end of 2026 [6] - The company is experiencing significant interest in its Proxima battery enclosures from tier one auto OEM suppliers, indicating strong market demand [7] Company Strategy and Development Direction - The corporate plan emphasizes innovative technologies and structural cost savings, aiming to maintain a competitive edge in the industry [3][12] - The company is focused on long-term growth in LNG and oil production, recognizing the need for continued investment to counteract depletion rates [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver results and maintain a competitive advantage despite market uncertainties [12][13] - The company is actively pursuing low-carbon solutions and adapting capital expenditures based on market developments [17][19] Other Important Information - The company introduced a new opt-in voting program for retail shareholders to enhance participation in annual meetings [11] - The acquisition of key assets from Superior Graphite aims to revolutionize battery anode production, with a total addressable market estimated at $40 billion [39] Q&A Session All Questions and Answers Question: Capital spend and its drivers - Management indicated that capital expenditures are expected to be below the previously guided range due to market developments and pacing of investments in low-carbon solutions [16][17] Question: Permian production and growth drivers - The record production in the Permian is attributed to ongoing innovations and the rollout of advanced proppants, with expectations for continued growth [24][25] Question: Global outlook and strategy - The company's long-term outlook through 2050 includes significant growth in oil, gas, and LNG demand, informing its strategic direction [27][28] Question: Dividend growth rate concerns - Management addressed concerns about the dividend growth rate, emphasizing sustainability and competitiveness while maintaining a strong track record of annual growth [32][34] Question: Acquisition details regarding Superior Graphite - The acquisition focused on technology and key assets to enhance battery anode production capabilities, with a significant market opportunity identified [37][39] Question: Exploration strategy and industry trends - The company is narrowing its exploration focus to ensure material and commercially attractive opportunities, leveraging its unique capabilities [66][84]

Group 1 - The core viewpoint indicates that both Chevron and Exxon Mobil are expected to report declines in quarterly profits, continuing a trend observed in previous earnings reports [1] - Analyst consensus predicts Exxon Mobil's third-quarter earnings per share to decrease by 5% to $1.82, with sales anticipated to drop by 4% to $86.47 billion [1] - This decline in earnings and sales reflects a significant slowdown in performance for U.S. supermajors [1] Group 2 - TechnipFMC has secured a new contract with ExxonMobil, which is expected to enhance its market position and leverage AI technologies [2] - The stock performance of BP ADR is showing improved relative strength, although it remains below key benchmarks [4] - Exxon Mobil's stock is currently stable as it prepares for a potential reentry into the Russian market, while other energy stocks are experiencing upward movement [4]

Financial Performance - GAAP earnings were $7.5 billion in 3Q25, driven by an advantaged portfolio, execution excellence, and cost discipline[5, 17] - Shareholder distributions were greater than $9 billion[5] - Structural cost savings reached $14.3 billion versus 2019, with $2.2 billion YTD[17, 31] - Cash flow from operations was $14.8 billion in 3Q25[17] - Cash capex was $8.6 billion in 3Q25[19] Operational Highlights - Upstream production was 4.8 million barrels of oil equivalent per day (Moebd) in 3Q25[51] - Permian production was approximately 1.7 Moebd[51] - The company is on pace to complete $20 billion of share repurchases in 2025[29] - 8 out of 10 key 2025 projects have successfully started up, with the remaining 2 on track[5] Segment Performance - Upstream unit earnings were approximately $13 per oil-equivalent barrel ($/oeb)[120] - Energy Products unit earnings were approximately $5 per barrel ($/bbl)[120] - Chemical Products unit earnings were approximately $93 per ton ($/T)[120] - Specialty Products unit earnings were approximately $383 per ton ($/T)[120]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Group 1 - Energy giants Exxon Mobil Corporation and Chevron Corporation are highlighted as leading companies in the pre-market on a busy Friday [1] - AbbVie Inc. is also mentioned as a significant player in the pre-market activity [1] - Upcoming earnings reports include Palantir Technologies Inc. on Monday, followed by major companies like Shopify Inc., Uber Technologies Inc., Pfizer Inc., and Advanced Micro Devices Inc. on Tuesday [1] - Wednesday will feature technology companies such as Applovin Corporation, QUALCOMM Incorporated, and Arm Holdings plc after market [1] - AstraZeneca PLC and ConocoPhillips will report pre-market on Thursday, with KKR & Co. Inc. and Constellation Energy Corporation following on Friday [1]

Exon Mobile out with third quarter results this morning and joining us right now to talk about it is Darren Woods. He's Exon Mobile's chairman and CEO. And Darren, welcome.It's really great to have you here today. >> Thank you, Becky. Good to see you again. >> Good to see you, too.Let's talk a little bit about the numbers. You guys beat on the bottom line adjusted earnings per share $188 versus the consensus of a 182. Uh revenue looked like it was a little short of Wall Street's call, at least according to ...

Core Viewpoint - Exxon Mobil reported strong third-quarter results, with adjusted earnings per share of $1.88, exceeding the consensus estimate of $1.82, although revenue fell short of expectations at $85.3 billion compared to the anticipated $86.5 billion [2][3] Financial Performance - The third quarter marked the highest earnings per share since the merger with Exxon Mobil, reflecting significant cost reduction efforts since 2019, with an expected additional $2.5 billion in cost reductions for the year [3][4] - Cumulatively, the company has achieved over $14 billion in cost reductions since 2019, outperforming industry competitors [4] Production and Growth - Production levels from the Permian Basin and Guyana are at record highs, contributing to a strong quarter despite mixed price environments [5] - The company plans to grow earnings by $20 billion and cash flow by $30 billion through 2030, supported by the delivery of ten major projects, with eight already completed on or ahead of schedule [6][7] Market Reaction - Despite strong results, the stock experienced a 1.6% decline, potentially due to market concerns about growing production amid falling oil prices, which historically has led to challenges for companies in the sector [7][8] Cost Management and Profitability - The company has more than doubled its profitability per barrel of oil since 2019, maintaining a low cost of production with a break-even cost of $35 per barrel [10][12] - Investments are focused on projects that generate double-digit returns at low costs, ensuring competitiveness in commodity markets [13][15] Workforce and Restructuring - The company announced layoffs of approximately 2,000 employees as part of a restructuring effort in the EU and Canada, aimed at improving effectiveness rather than cost-cutting [17][20] - The overall demand for Exxon Mobil's services remains strong, with healthy growth in global economies and no significant challenges in attracting talent [21]

Market Overview - US stock index futures are all up ahead of the market opening, with Dow futures rising by 0.24%, S&P 500 futures up by 0.87%, and Nasdaq futures increasing by 1.43% [1] - European indices are down, with Germany's DAX down by 0.47%, UK's FTSE 100 down by 0.32%, France's CAC40 down by 0.26%, and the Euro Stoxx 50 down by 0.34% [2][3] - WTI crude oil prices fell by 0.38% to $60.34 per barrel, while Brent crude oil dropped by 0.40% to $64.11 per barrel [4] Economic Events - The US stock market will enter winter time next week, adjusting trading hours, with pre-market trading from 5:00 PM to 10:30 PM Beijing time and regular trading from 10:30 PM to 5:00 AM Beijing time [4] Trade Relations - US Treasury Secretary stated that the US-China trade agreement could be signed as early as next week, with both sides agreeing to enhance economic cooperation [5] Corporate Earnings - ExxonMobil reported Q3 adjusted profits of $8.1 billion, exceeding analyst expectations, driven by increased production in Guyana and the Permian Basin [7] - Chevron's Q3 net profit was approximately $3.6 billion, a 20% year-over-year decline, but adjusted earnings per share surpassed expectations at $1.85 [8] - Apple reported Q4 earnings of $102.5 billion, a 7.9% year-over-year increase, with earnings per share of $1.85, exceeding analyst forecasts [9] - Western Digital's Q3 revenue grew by 27.4% to $2.82 billion, surpassing expectations, with adjusted earnings per share of $1.78 [10] - Amazon's Q3 net sales increased by 13% to $180.2 billion, with AWS sales growing by 20%, marking the fastest growth in three years [11] - Vale's Q3 revenue rose by 9% to $10.42 billion, with net profit increasing by 78% to $2.744 billion, exceeding analyst expectations [12] Strategic Partnerships - NVIDIA announced collaborations with Samsung, SK Group, and Hyundai to build AI factories in South Korea, supplying over 260,000 accelerator chips [13] - Nokia's stock surged after NVIDIA agreed to invest $1 billion, positioning Nokia as a key player in the European AI sector [14]

Core Insights - ExxonMobil reported better-than-expected Q3 earnings, driven by increased oil and gas production in Guyana and the Permian Basin, offsetting the impact of falling oil prices [1][5] - The company achieved an adjusted profit of $8.1 billion, or $1.88 per share, surpassing analyst expectations of $1.82 per share, marking the sixth consecutive quarter of exceeding profit forecasts [1] - Revenue for the quarter was $85.3 billion, slightly below the expected $87.7 billion [1] Production and Strategy - ExxonMobil's total oil and gas production reached 4.8 million barrels of oil equivalent per day, up from 4.6 million in the previous quarter [5] - The company emphasized its strong asset portfolio and advanced technology, which allows for improved oil recovery even during periods of low crude prices [1][5] - CEO Darren Woods stated that eight out of ten new development projects planned for this year have already been launched, with the remaining two on track [5] Regional Performance - Record production was achieved in both the Permian Basin and Guyana, with Guyana's oil field production exceeding 700,000 barrels of oil equivalent per day [6][9] - The Yellowtail project in Guyana, which has a production capacity of 250,000 barrels per day, commenced operations four months ahead of schedule [6] - ExxonMobil plans to increase production capacity in Guyana to nearly 1.5 million barrels per day by 2029, which would match Nigeria's current output [9] Financials and Shareholder Returns - Free cash flow decreased from $11.3 billion in the same period last year to $6.3 billion due to acquisition-related pressures [1] - The company paid $4.2 billion in dividends and repurchased $5.1 billion worth of shares during the quarter [9] - A 4% increase in the quarterly dividend to $1.03 per share was announced for Q4 [9] Capital Expenditure - ExxonMobil's capital expenditures for the year are expected to be slightly below the lower end of its guidance range of $27 billion to $29 billion, excluding acquisition costs [10]

Core Insights - Exxon Mobil reported quarterly earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.81 per share, but down from $1.92 per share a year ago, representing an earnings surprise of +3.87% [1] - The company posted revenues of $85.29 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.7% and down from $90.02 billion year-over-year [2] - Exxon has surpassed consensus EPS estimates for the last four quarters but has not beaten revenue estimates during the same period [2] Earnings Performance - The earnings surprise of +3.87% indicates a positive performance relative to expectations, while the revenue miss suggests challenges in sales [1][2] - The current consensus EPS estimate for the upcoming quarter is $1.65 on revenues of $85 billion, and for the current fiscal year, it is $6.82 on revenues of $331.32 billion [7] Stock Performance and Outlook - Exxon shares have increased by approximately 6.6% since the beginning of the year, underperforming the S&P 500, which has gained 16% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Oil and Gas - Integrated - International industry is currently ranked in the bottom 39% of over 250 Zacks industries, which may impact Exxon's stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]