Analyst’s Disclosure:I/we have a beneficial long position in the shares of XOM, CVX, COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to wheth ...

Analyst’s Disclosure:I/we have a beneficial long position in the shares of XOM, CVX, COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to wheth ...

Core Viewpoint - The CEO of ExxonMobil warns that the company will be forced to exit the EU market if the current EU Corporate Sustainability Due Diligence Directive is not amended, citing potential catastrophic consequences for businesses operating in Europe [1]. Group 1: Regulatory Concerns - The EU's Corporate Sustainability Due Diligence Directive, approved last year, imposes mandatory due diligence requirements on large companies operating in the EU regarding environmental and other factors, with violators facing fines of up to 5% of global revenue [1]. - ExxonMobil's CEO stated that if this regulation is implemented globally, it would hinder companies' ability to operate in Europe [1]. Group 2: Industry Reactions - The regulation has faced opposition from multiple countries, including Qatar, which supplies 12%-14% of Europe's liquefied natural gas and has threatened to halt gas supplies to Europe [1]. - The U.S. has also urged the EU to reconsider the regulation, arguing that it poses a threat to European energy security [1]. Group 3: Legislative Developments - The European Parliament has initiated a legislative process aimed at approving a final amendment by the end of the year, but ExxonMobil and other companies demand a complete withdrawal of the regulation or they will consider leaving the European market [1].

Group 1: Market Overview - Amazon has announced a significant $38 billion computing deal with OpenAI, which will enhance OpenAI's access to computing power using Nvidia GPUs [5][1] - The Federal Reserve is currently evaluating its rate path, with a 69% chance of a rate cut in December being priced in by the markets, despite some Fed officials expressing doubts about further cuts this year [6][4] - The Dow is down approximately 213 points, while the S&P 500 shows a slight gain, indicating a mixed market performance [115][3] Group 2: Economic Indicators - A report highlights slowing income growth for young workers, with real wage gains for those aged 25 to 29 being around 2%, which is significantly impacted by higher inflation [100][102] - The job market is experiencing a low hiring and low firing environment, which is particularly affecting young workers who rely on job switching for career advancement [105][106] - Concerns are raised about the structural shifts in employment due to AI, particularly in the tech sector, which may not align with traditional business cycle dynamics [26][32] Group 3: Federal Reserve Insights - Chicago Fed President Austin Goulby expressed unease about front-loading rate cuts, citing inflation concerns and the need for careful observation of economic indicators [8][12] - Goulby noted that inflation has been above target for over four years, with recent core inflation running at an annualized rate of 3.6% [14][29] - The Fed is balancing its dual mandate of managing inflation while supporting employment, which is currently in tension due to the labor market dynamics [106][113] Group 4: Corporate Developments - Microsoft has signed a data center deal with Iron, a Neocloud provider, continuing the trend of significant investments in AI infrastructure [6][5] - Cisco has received an upgrade from UBS, driven by a multi-year growth cycle fueled by AI infrastructure demand [74] - Core Mining is acquiring New Gold for approximately $7 billion in an all-stock deal, reflecting ongoing consolidation in the mining sector [79]

Financial Performance - ExxonMobil's Q3 2025 earnings were $7.5 billion, down from $8.6 billion in Q3 2024, primarily due to weaker crude prices and lower chemical margins[65] - For the first nine months of 2025, earnings totaled $22.3 billion, compared to $26.1 billion in the same period of 2024[66] - Upstream earnings for Q3 2025 were $5.7 billion, a decrease from $6.2 billion in Q3 2024[67] - Non-U.S. upstream earnings for Q3 2025 were $4.5 billion, slightly down from $4.5 billion in Q3 2024[67] - Energy Products total earnings for Q3 2025 were $1,840 million, compared to $1,309 million in Q3 2024, reflecting a significant year-over-year increase[83] - Chemical Products earnings decreased to $515 million in Q3 2025 from $893 million in Q3 2024, primarily due to weaker margins[93] - Specialty Products earnings for Q3 2025 were $740 million, down from $794 million in Q3 2024, impacted by weaker basestock margins[102] Capital Expenditures and Investments - Cash capital expenditures for Q3 2025 increased to $8.6 billion, up $2.2 billion from Q3 2024[65] - The Corporation plans to invest slightly below the lower end of the $27 billion to $29 billion range in 2025, excluding acquisitions[125] - Cash capital expenditures (Cash Capex) in Q3 2025 were $8.6 billion, up $2.2 billion from $6.4 billion in Q3 2024[125] Shareholder Returns - The corporation distributed $12.9 billion in dividends and repurchased $14.9 billion of common stock in the first nine months of 2025[66] - Net cash used in financing activities was $30.3 billion in the first nine months of 2025, including $14.9 billion for share repurchases[116] Cost Management - Structural Cost Savings reached $14.3 billion compared to 2019 levels, with an additional $2.2 billion achieved in the first nine months of 2025[63] - Total cash operating expenses (excluding energy and production taxes) were $31.8 billion for the first nine months of 2025, reflecting a decrease of $1.5 billion compared to 2019[64] - Corporate and Financing expenses increased by $682 million to $1,226 million in Q3 2025, primarily due to lower interest income and increased pension-related expenses[110] Production and Operational Metrics - Net production of crude oil, natural gas liquids, bitumen, and synthetic oil reached 4.8 million oil-equivalent barrels per day in Q3 2025, an increase of 187 thousand barrels per day from Q3 2024[78] - Worldwide refinery throughput increased to 4,106 thousand barrels daily in Q3 2025, compared to 3,985 thousand barrels daily in Q3 2024[92] - Specialty Products sales in the United States decreased by 2.9% to 474,000 metric tons in Q3 2025 compared to 488,000 metric tons in Q3 2024[109] - Worldwide Specialty Products sales totaled 1,932,000 metric tons in Q3 2025, a decline of 1.4% from 1,959,000 metric tons in Q3 2024[109] Taxation and Debt - Total taxes for the first nine months of 2025 were $31.7 billion, a decrease of $2.6 billion from 2024, with income tax expense down by $1.9 billion to $10.1 billion[122] - The effective income tax rate for Q3 2025 was 32%, down from 35% in the prior year, primarily due to favorable one-time items[121] - Total debt at the end of Q3 2025 was $42.0 billion, with a net debt to capital ratio of 9.5%, an increase of 3.0 percentage points from year-end 2024[116] Market and Environmental Considerations - The company faces various market risks, including changes in supply and demand for oil and gas, regulatory impacts, and geopolitical disturbances[127] - ExxonMobil's medium-term business plans incorporate actions needed to advance its 2030 greenhouse gas emission-reduction goals, updated annually[129] - The current global policy environment and assumptions indicate that existing trends are not on track to achieve net-zero emissions by 2050[129] - The company acknowledges the need for technological advancements to achieve cost-effective emissions reduction solutions[129] - The impact of public health crises and economic conditions on trading activities and margins is a significant consideration for the company[127] - The ability to access debt markets on favorable terms is crucial for the company's financial strategy[127] - Historical and forward-looking sustainability statements may not be material to investors and are subject to evolving standards and assumptions[128] - The company emphasizes the importance of stable and supportive policy environments for advancing individual projects and opportunities[129]

- The political time horizon is quite short. And so as a company, the position that we take, and you may find this surprising, we don't advocate for policies that benefit our company per se. We advocate for the right kind of policies associated with our industry that we think is best for society.- Darren Woods, thanks very much for joining us here and for agreeing to be on this episode of "The Leaders Podcast." - Well, thanks for the invitation, it's good to be here. - Yeah, great to see you again. So you'v ...

Core Viewpoint - Executives from ExxonMobil and QatarEnergy have indicated that they may cease operations in the European Union if the EU does not amend its sustainability law, which could impose fines of 5% of global revenue [1][2][3] Group 1: Company Responses - Exxon CEO Darren Woods expressed that the EU's Corporate Sustainability Due Diligence Directive could lead to "disastrous consequences" if implemented in its current form, as it requires companies to manage human rights and environmental risks across their supply chains [2][5] - QatarEnergy's CEO Saad al-Kaabi reiterated the possibility of halting LNG supplies to Europe if the EU does not revise or revoke the sustainability law, emphasizing that this is a serious threat and not a bluff [3][4] - Both companies highlighted the technical challenges of complying with the EU's requirements, with Woods stating that the legislation's demands are technically unfeasible [5][6] Group 2: Market Context - ExxonMobil and QatarEnergy are significant suppliers of liquefied natural gas (LNG) to Europe, with Exxon expected to contribute approximately 50% of EU imports from American producers in 2024, while Qatar has supplied between 12% and 14% of the bloc's LNG since the onset of the Ukraine conflict in 2022 [7]

Core Viewpoint - ExxonMobil's CEO Darren Woods warned that the company may be forced to exit the EU market if the European Union does not amend the current Corporate Sustainability Due Diligence Directive [2] Group 1: Regulatory Concerns - The EU's Corporate Sustainability Due Diligence Directive, approved last year, imposes mandatory due diligence requirements related to environmental factors on large companies operating in the EU [2] - Companies that violate these requirements could face fines of up to 5% of their global revenue [2]

Abu Dhabi’s Upper Zakum offshore oil field is likely to reach its target for expanding production capacity ahead of schedule, said Exxon CEO Darren Woods https://t.co/aBdHhxeFH0 ...

Core Viewpoint - ExxonMobil's CEO Darren Woods stated that the company may be unable to continue operations in the EU if the bloc does not significantly relax a sustainable development law that mandates companies to address human rights and environmental issues in their supply chains [1][2] Group 1: Regulatory Concerns - The EU's Corporate Sustainability Due Diligence Directive requires companies to identify and mitigate risks related to human rights and environmental damage, imposing fines of 5% of global revenue for non-compliance [1] - Woods emphasized that the current regulatory environment in Europe is overly burdensome and detrimental to economic growth, warning that the law could further suppress growth [2] Group 2: Industry Response - Major gas producers, including Qatar and the U.S., have urged European leaders to reconsider the law, claiming it threatens reliable and affordable energy supplies to Europe [2] - ExxonMobil and other companies are advocating for the complete repeal of the policy, arguing it could lead to corporate exits from Europe [2] Group 3: Business Developments - ExxonMobil has signed an agreement to assist Iraq in developing the Majnoon oil field and expanding oil exports, marking the company's return to the country after two years [2] - Woods mentioned that negotiations regarding the final parameters of the development project are ongoing, particularly concerning how ExxonMobil will be compensated [2]