Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar. So far, the earnings season is off to a positive start. As of Oct. 24, 29% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 9.2% jump in earnings per share during the third quarter. If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings ...

Exon Mobile just out with quarterly results. Let's get you up to speed on where things stand. Exxon coming in at a $1.88% a share.The company saying earnings were weighed down by lower crude prices, weak chemical margins, and reduced volumes from asset sales, but those were partially offset by stronger output in both the Perian and the Gu and and Guyana and ongoing cost savings. In Guyana, quarterly production topped 700,000 barrels a day to record levels. Cash flow from operations came in at $14.8% 8 billi ...

Core Insights - Exxon Mobil reported a strong third-quarter performance with earnings of $7.55 billion, or $1.76 per share, compared to $8.61 billion, or $1.92 per share, in the same period last year [1] - Adjusted earnings were $1.88 per share, exceeding Wall Street's expectation of $1.81 per share, while revenue was $85.29 billion, falling short of the projected $86.77 billion [2] - Third-quarter net production reached 4.7 million oil-equivalent barrels per day, an increase of 1.1 million oil-equivalent barrels per day from the second quarter, with Guyana production exceeding 700,000 barrels per day and the Permian Basin achieving a record of almost 1.7 million oil-equivalent barrels per day [3] Company Performance - Exxon's earnings surpassed Wall Street expectations, while Chevron reported third-quarter earnings of $3.54 billion, or $1.82 per share, with adjusted earnings of $1.85 per share [3][4] - Chevron's revenue was $49.73 billion, which was below Wall Street's estimate of $53.58 billion [4] Oil Market Dynamics - Oil prices spiked following the U.S. announcement of new sanctions on Russia's oil industry, aimed at pressuring President Putin to negotiate regarding the war in Ukraine [5] - Oil prices had been relatively low, with U.S. benchmark crude falling below $57 per barrel in mid-October, although it had risen to nearly $79 earlier in the year [6] - The stabilization of oil and gas prices at lower levels this year is attributed to OPEC+ actions, which included a small increase in oil production by 137,000 barrels per day starting in November [7]

格隆汇10月31日｜埃克森美孚石油周五公布的第三季度业绩超出华尔街预期，主要得益于圭亚那和美国 二叠纪盆地的石油和天然气产量增加，抵消了油价下跌的影响。根据LSEG汇编的数据，该公司7月至9 月季度的调整后利润为81亿美元，合每股收益1.88美元，高于分析师普遍预期的1.82美元。作为美国最 大的石油生产商，埃克森强调其丰富的资产组合和技术优势，有助于提高石油采收率，使公司即便在低 油价时期也能保持盈利。 ...

Core Insights - Exxon Mobil reported a decline in profit for the third quarter, primarily due to lower oil prices and increased costs, despite a rise in production from two key oil fields [1] Financial Performance - The company experienced lower profits compared to previous quarters, indicating a challenging financial environment [1] - Weaker oil prices have significantly impacted revenue generation [1] - Higher operational costs have further strained profitability [1] Production Insights - Exxon Mobil has increased production at two important oil fields, which may provide some offset to the declining profits [1]

Core Viewpoint - Exxon Mobil reported a decline in third quarter earnings year over year, primarily due to falling oil prices influenced by OPEC+ increasing production [1][2]. Financial Performance - Net income decreased by 12% to $7.55 billion, or $1.76 per share, compared to $8.6 billion, or $1.92 per share in the same period last year [1]. - Adjusted earnings per share were reported at $1.88 [4]. - Revenue for the quarter was $85.3 billion, down from $87.7 billion [4]. Market Context - U.S. crude oil prices have fallen approximately 16% this year, attributed to increased production from OPEC+ and concerns over an economic slowdown due to tariffs [2]. - CEO Darren Woods noted that Exxon achieved its highest earnings per share during periods of declining oil prices [2].

Exxon Mobil outperformed Wall Street expectations for a sixth consecutive quarter after beginning operations at its fourth oil-production project in Guyana https://t.co/xTZGTPKZ1G ...

Core Insights - Exxon Mobil exceeded Wall Street expectations for third-quarter earnings, driven by increased oil and gas production in Guyana and the Permian Basin, which compensated for lower oil prices [1] Group 1: Earnings Performance - The company reported third-quarter earnings that surpassed analyst forecasts [1] - Higher production levels in key regions contributed significantly to the earnings performance [1] Group 2: Production Highlights - Increased oil and gas production in Guyana played a crucial role in supporting earnings [1] - The Permian Basin also contributed to the overall production increase, helping to mitigate the impact of declining oil prices [1]

Core Insights - ExxonMobil reported strong third-quarter earnings of $7.5 billion, with earnings per share of $1.76, reflecting a positive performance compared to the previous quarter [2][3][4] - The company generated cash flow from operating activities of $14.8 billion and free cash flow of $6.3 billion, while returning $9.4 billion to shareholders through dividends and share repurchases [2][6][9] - Year-to-date earnings totaled $22.3 billion, a decrease from $26.1 billion in the same period last year, primarily due to weaker crude prices and higher depreciation [9][12] Financial Performance - Third-quarter earnings increased by $466 million from the second quarter, with earnings excluding identified items rising by $976 million [2][6] - Year-to-date cash flow from operations reached $39.3 billion, with free cash flow of $20.6 billion, supporting shareholder distributions of $27.8 billion [9][21] - The company declared a fourth-quarter dividend of $1.03 per share, marking a 4% increase, continuing a streak of 43 consecutive years of dividend growth [9][12] Production and Operational Highlights - ExxonMobil achieved record production levels in Guyana, surpassing 700,000 barrels per day, and in the Permian, with nearly 1.7 million oil-equivalent barrels per day [4][12] - The Yellowtail project in Guyana commenced production four months ahead of schedule, expected to add 250,000 oil-equivalent barrels per day [12][18] - The company has started up eight of its ten key projects for 2025, with the remaining two on track for completion [6][12] Segment Performance - Upstream segment earnings for the third quarter were $5.7 billion, with year-to-date earnings of $17.8 billion, reflecting a decrease from the previous year due to lower crude realizations [8][9] - Energy Products segment earnings reached $1.8 billion in the third quarter, driven by stronger refining margins and record throughput [13][18] - Chemical Products segment earnings for the third quarter were $515 million, showing improvement from the previous quarter, but year-to-date earnings decreased significantly due to weaker margins [11][17] Cost Management and Structural Savings - The company achieved cumulative structural cost savings of over $14 billion since 2019, with an additional $2.2 billion realized in 2025 [9][24] - ExxonMobil's net debt-to-capital ratio stood at 9.5%, indicating strong financial health compared to industry peers [7][9] - Cash capital expenditures for the third quarter were $8.6 billion, with year-to-date spending of $20.9 billion, slightly below the guidance range [9][21]

Core Viewpoint - Exxon Mobil Corp. and Chevron Corp. are expected to report quarterly earnings, with a trend of improved profits and revenues in recent quarters [1] Company Performance - Both companies have shown better profits and revenues in the past several quarters, indicating a positive financial trajectory [1]