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]

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]

Financial Performance - Q2 2025 - Sales decreased to $659 million, a 3.6% decrease compared to $683 million in 2Q24[19, 16] - Adjusted Earnings Per Share (EPS) decreased to $0.35, compared to $0.85 in 2Q24[19, 16] - Gross margin was 43.4%, down 210 bps compared to 2Q24[19] - Inventory increased by 5% compared to 2Q24[19] - Adjusted EBITDA was $163 million[19] Segment Performance - **Famous Footwear:** Sales were $400 million, down 4.9% year-over-year, with comparable sales down 3.4%[26] Gross margin was 43.7%, down 130 bps year-over-year[26] - **Brand Portfolio:** Sales were $276 million, down 3.5% compared to 2Q24, including a $10 million impact from tariffs[21] Gross margin was 40.3%, down 240 bps compared to 2Q24[22] Outlook - Famous Footwear expects comparable sales to be up 1% in August, down low-single digits in September and October[30] - The Brand Portfolio expects Q3 gross margin to be down similar to Q2, with Q4 trends improving as mitigation strategies benefit[30] Strategic Initiatives - The company achieved $15 million in annualized, structural savings[14] - The company is partnering with a consulting firm to explore additional structural cost savings across the portfolio[30]

Financial Performance - Olin's Q2 2025 sales were $980 million[10], compared to $920 million in Q2 2024[10] and $925 million in Q1 2025[10] - Adjusted EBITDA for Q2 2025 was $171 million[10], down from $205 million in Q2 2024[10] and $186 million in Q1 2025[10] - Olin generated $212 million in operating cash flow[9] Segment Performance - Chlor Alkali Products & Vinyls (CAPV) sales were $331 million in Q2 2025[17], slightly down from $332 million in Q1 2025[17], and up from $318 million in Q2 2024[17] Adjusted EBITDA was negative $11 million[17] - Epoxy sales were $448 million in Q2 2025[23], up from $388 million in Q1 2025[23] and $406 million in Q2 2024[23] Adjusted EBITDA was $33 million[23] - Winchester sales were $176 million in Q2 2025[36] Outlook and Initiatives - Olin expects Q3 2025 Adjusted EBITDA to be between $170 million and $210 million[45] - The company is targeting $70-$90 million in annualized run rate savings by year-end 2025 through the Beyond250 initiative[30] - Olin expects working capital, excluding tax payment timing, to be greater than $100 million source of cash in 2025[43]