ExxonMobil(US:XOM) Zhi Tong Cai Jing·2025-10-31 12:41Core 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]