Core Viewpoint - ExxonMobil is demonstrating strong earnings performance despite lower oil prices, showcasing its resilience and operational efficiency in a challenging market environment [1][2]. Financial Performance - In the third quarter, ExxonMobil reported earnings of $7.5 billion, or $1.76 per share, and generated $14.8 billion in cash flow from operations, marking the highest earnings per share in similar oil price conditions [2]. - The company achieved record production levels, with an average crude oil output of 700,000 barrels per day from Guyana and 1.7 million barrels of oil equivalent (BOE) per day from the Permian Basin [3]. Operational Efficiency - ExxonMobil has implemented a structural cost savings program, achieving an additional $2.2 billion in savings this year, bringing the total to $14 billion since 2019, with a target of $18 billion by 2030 [6]. - The company is executing major capital projects, including the early and under-budget launch of the Yellowtail project in Guyana, which is one of eight significant projects initiated this year [4]. Shareholder Returns - ExxonMobil returned $9.4 billion to shareholders through dividends and share repurchases in the third quarter, totaling $27.8 billion year-to-date [7]. - The company maintains a strong balance sheet with a net-debt-to-capital ratio of 9.5% and a cash balance of $13.9 billion [7]. Future Growth Strategy - Capital expenditures in the quarter amounted to $8.6 billion, including $2.4 billion for growth acquisitions, with plans to increase upstream production to 5.4 million BOE per day by 2030 [8][9]. - ExxonMobil aims to derive over 60% of future production from low-cost, high-margin assets, up from the current 50% [9]. - The company is also investing in downstream businesses, targeting $4.5 billion in annual earnings from this segment by 2030 [10]. Long-term Outlook - By combining incremental earnings from investments and cost-saving initiatives, ExxonMobil expects significantly higher earnings by 2030, positioning itself for continued cash returns to investors [11]. - The company plans to repurchase $20 billion of its shares this year and has increased its dividend by 4%, marking 43 consecutive years of dividend growth [11][12].

Key Points Exxon recently reported strong third-quarter financial results. The company's strategy of investing in its best assets is paying dividends. It expects to get even better over the next five years. 10 stocks we like better than ExxonMobil › Crude prices have slumped this year. Brent oil, the global benchmark price, is currently in the mid-$60s, down about $10 a barrel from this time last year. While lower oil prices tend to negatively impact oil company earnings, ExxonMobil (NYSE: XOM) i ...

Market Performance - The S&P 500 increased by 0.7% this week, while the Nasdaq rose by 2.2%[1] - Large-cap growth (Russell 1000 Growth) outperformed small-cap growth (Russell 2000 Growth) with a difference of 2.2%[1] - Semiconductor products and equipment led the sectors with a gain of 6.2%[1] Fund Flows - Estimated fund flow for S&P 500 components was -$40.5 million this week, down from +$65.6 million last week[2] - Major inflows were seen in semiconductor products and equipment (+$77.3 million) and retail (+$26.9 million)[2] - Significant outflows occurred in media and entertainment (-$65.2 million) and diversified financials (-$63.2 million)[2] Earnings Forecast - The 12-month forward EPS expectation for S&P 500 components was raised by 0.6% this week, following a 0.4% increase last week[3] - Retail sector EPS was revised up by 2.9%, while energy sector EPS was cut by 1.7%[3] - Overall, 14 sectors saw upward revisions in earnings expectations, while 10 sectors experienced downward adjustments[3]

Core Insights - Exxon Mobil is a nearly $500 billion company, positioning it among the largest publicly traded energy companies globally [2] Group 1: Company Performance - Exxon Mobil continues to achieve record production levels from both the Permian Basin and Guyana [2] Group 2: Investment Strategy - The Value Portfolio focuses on building retirement portfolios through a fact-based research strategy, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2]

Core Insights - Exxon Mobil is a nearly $500 billion company, positioning it among the largest publicly traded energy companies globally [2] Group 1: Company Performance - Exxon Mobil continues to achieve record production levels from both the Permian Basin and Guyana [2] Group 2: Investment Strategy - The Value Portfolio focuses on building retirement portfolios through a fact-based research strategy, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2]

Core Insights - Major oil companies like Exxon Mobil, Chevron, and Shell are increasing crude oil production despite concerns about a global oil glut and rising exports from OPEC nations [1][2] - The production increases may lead to a weaker oil price environment, with U.S. benchmark prices hovering around $60 per barrel, which is a critical threshold for profitability [2] - Exxon Mobil and Chevron are focusing on growth in the Permian Basin, with Exxon achieving a record production of 1.7 million barrels of oil equivalent per day in Q3 [3][4] Company-Specific Insights - Exxon Mobil's global production rose from 4.63 million barrels of oil equivalent per day in Q2 to 4.77 million in Q3, with a target of 5.4 million barrels by 2030, primarily driven by the Permian and offshore Guyana [4] - Chevron's production in the Permian reached 1.06 million barrels daily, despite efforts to cut capital expenditure and maintain plateaued production [5] - Chevron's CEO highlighted efficiency gains, stating that strong performance continues with fewer drilling rigs and completions, expecting good momentum into 2026 [6] Industry Outlook - Shell's CEO noted potential oversupply in 2026, indicating headwinds in supply-demand fundamentals in the short to medium term, but maintains a long-term positive outlook on crude prices [7]

Core Insights - Exxon Mobil Corp. reported mixed third-quarter results, with profit exceeding expectations while revenue slightly missed forecasts [1] - Earnings per share were $1.88, above the consensus estimate of $1.83, while revenue totaled $85.3 billion, just below analyst projections of $86.48 billion [1] Production and Cash Flow - Net production increased by 139,000 barrels of oil equivalent per day, reaching 4.8 million barrels, driven by higher output in Guyana and the Permian Basin [2] - Operating cash flow was $14.8 billion, and free cash flow stood at $6.3 billion [2] Shareholder Returns - Exxon Mobil returned $9.4 billion to shareholders during the quarter through dividends and buybacks [2] - The company increased its fourth-quarter dividend to $1.03 per share [2]

Core Insights - Exxon Mobil exceeded Wall Street expectations for Q3 with adjusted earnings of $8.1 billion, or $1.88 per share, an increase from $7.1 billion in Q2, driven by record output from Guyana and the Permian Basin [1][2] Financial Performance - The average crude price was $68.17 Brent, down 13% year-on-year, yet oil and gas production rose to 4.8 million boe/d from 4.6 million in Q2, aided by strong output in key regions [2] - Free cash flow decreased to $6.3 billion from $11.3 billion a year ago due to increased spending on acquiring Permian acreage [2] Shareholder Returns - The quarterly dividend was increased by 4% to $1.03 per share, with plans to complete $20 billion in share buybacks this year after returning $9.3 billion to shareholders last quarter [3] - Full-year capital spending is expected to be slightly below the $27–29 billion guidance range despite recording $510 million in restructuring costs [3] Operational Highlights - Upstream profits rose to $5.7 billion from $5.4 billion in Q2, while refining contributed $1.8 billion [4] - The CEO emphasized the importance of long-term investments despite current market weaknesses, indicating a focus on expanding production capacity for future demand [4] Strategic Developments - Exxon is in the process of lifting force majeure on its $30 billion Rovuma LNG project in Mozambique as security conditions improve, which could position Mozambique as a top-10 global gas producer by 2040 [5] Overall Strategy - The third-quarter performance reflects a balance between expansion and financial discipline, with investments in Guyana, the Permian, and LNG while maintaining tight capital management and shareholder returns [6]

Core Insights - Exxon Mobil Corporation (XOM) reported third-quarter 2025 earnings per share of $1.88, exceeding the Zacks Consensus Estimate of $1.81, but down from $1.92 in the same quarter last year [1][10] - Total revenues for the quarter were $85.3 billion, falling short of the Zacks Consensus Estimate of $86.8 billion and down from $90.02 billion year-over-year [1][10] Financial Performance - The better-than-expected earnings were driven by higher oil equivalent production volumes and increased natural gas prices, although these were partially offset by lower crude oil price realizations [2] - ExxonMobil's quarterly dividend was raised to $1.03 per share for Q4 2025, marking the 43rd consecutive year of annual dividend increases, representing a 4% increase from the previous quarter's dividend of $0.99 [3] Operational Performance - The upstream segment reported earnings of $5.68 billion, down from $6.16 billion year-over-year, but slightly above the estimate of $5.36 billion, primarily due to lower crude oil price realizations [4] - U.S. operations generated a profit of $1.23 billion, lower than $1.69 billion in the same quarter last year, while non-U.S. operations reported a profit of $4.45 billion compared to $4.47 billion year-over-year [5] - Average production was 4,769 thousand barrels of oil equivalent per day, an increase from 4,582 thousand barrels year-over-year, but below the estimate of 4,846.1 thousand barrels [5][6] Production Details - Liquids production rose to 3,380 thousand barrels per day from 3,187 thousand barrels per day in the prior year, although it missed the estimate of 3,402.6 thousand barrels [6] - Natural gas production totaled 8,334 million cubic feet per day, slightly down from 8,369 million cubic feet per day year-over-year, and also missed the estimate of 8,660.6 million cubic feet [7] Price Realization - Crude price realization in the U.S. was $63.56 per barrel, down from $72.94 year-over-year, and below the estimate of $64.07 [8] - Natural gas prices in the U.S. increased to $2.36 per thousand cubic feet from $1.16 year-over-year, but missed the estimate of $2.83 [9] Segment Performance - The Energy Products segment reported a profit of $1.84 billion, up from $1.31 billion year-over-year, driven by improved refining margins and increased volumes [11] - The Chemical Products segment recorded a profit of $515 million, down from $893 million year-over-year, but above the estimate of $433.2 million [12] - The Specialty Products segment reported a profit of $740 million, down from $794 million year-over-year, and below the estimate of $749.5 million [13] Financials - ExxonMobil generated $14.79 billion in cash flow from operations and asset divestments, with capital and exploration spending of $8.6 billion [14] - Total cash and cash equivalents stood at $13.81 billion, while long-term debt was $32.82 billion [14] Guidance - For 2025, cash capital expenditures are projected to be slightly below the lower end of the $27-$29 billion guidance, excluding acquisition costs [15] - The company expects Permian Basin production to average 1.6 million barrels of oil equivalent per day, contributing to total upstream production of 4.7 million barrels [15]

Core Insights - North America's leading oil companies, Exxon Mobil Corp. and Chevron Corp., are adopting different strategies amid a looming global supply glut in the crude market [1] - Exxon is pursuing expansion projects while Chevron focuses on maximizing cash flow from existing operations to navigate the market downturn [1] Company Performance - Chevron's stock rose by up to 3.5% following the release of third-quarter results that surpassed Wall Street expectations, while Exxon's stock dipped by 1.8% due to acquisitions impacting free cash flow [2] - Exxon's adjusted third-quarter profit per share exceeded analysts' forecasts by 7 cents, marking the sixth consecutive earnings beat, driven by the startup of new developments in Guyana [6][8] Market Context - The global oil supply is expected to continue growing, with OPEC+ planning to increase production by approximately 137,000 barrels per day in December [3] - Brent crude is trading around $65 a barrel, on track for its worst annual decline in five years [4] Strategic Outlook - Exxon's CEO, Darren Woods, emphasizes the company's low debt level, allowing for funding of growth projects while maintaining a $20 billion annual buyback program despite weak oil prices [7] - The startup of the Yellowtail development, capable of producing 250,000 barrels per day, is a significant contributor to Exxon's recent earnings [8]