ExxonMobil Q3 2026 results

Financial results

ExxonMobil reported third-quarter earnings of $15.4 billion ($3.72 per share) and adjusted earnings of $17.5 billion ($4.23 per share). Operating cash flow was $25.7 billion and free cash flow $19.1 billion. Shareholder distributions totaled $9.4 billion, including $4.3 billion of dividends and $5.1 billion of share repurchases, and the company announced $20 billion of share repurchases for 2027. A fourth-quarter dividend of $1.07 per share was declared, payable December 10, 2026 (record date November 16, 2026).

Operations and refining

The company reported record year-to-date refining operational performance, citing the highest global fuels utilization excluding Middle East impacts, highest global diesel yield, and highest North American diesel volumes. ExxonMobil said U.S. Gulf Coast investments, including the Beaumont refinery expansion, have increased its distillate production by approximately 40% since 2019.

Upstream milestones and LNG

ExxonMobil achieved cumulative upstream production milestones of 1 billion barrels at both Guyana and Kearl and 100 million tons at PNG LNG. It assumed operatorship at Papua LNG and reached agreement to raise its working interest in Papua LNG to 34% and in Rovuma, Mozambique to 50%, where it is already the operator.

Balance sheet, costs and CCS

The company reported nearly $11 billion of year-to-date net debt reduction and cited $16.9 billion in structural cost savings since 2019. Progress on carbon capture and storage includes a startup at Nucor and approval for the Rose carbon storage project. ExxonMobil also noted a 44-year streak of annual dividend increases and continued focus on advantaged investments and efficiency.