ExxonMobil Announces Third-Quarter 2026 Results

Decade of disciplined investment delivering industry-leading results, supplying products society needs

• Reported EPS of $3.72, or $4.23 adjusted EPS¹
• Record year-to-date refining operational performance: highest global fuels utilization excluding Middle East impacts²; highest global diesel yield³; and highest North American diesel volumes³
• Achieved cumulative Upstream production milestones: 1 billion barrels at both Guyana and Kearl, 100 million tons at PNG LNG
• Solidified ExxonMobil’s position as operator of choice in international upstream developments: assumed operatorship at Papua LNG and reached agreement to increase working interest in LNG projects at Papua to 34% and Rovuma, Mozambique to 50%, where we are already the operator
• Reached 44 consecutive years of increases in annual dividends per share, longer streak than 95% of S&P 500 companies, and announced 2027 share repurchases of $20 billion⁴

SPRING, Texas–(BUSINESS WIRE)– ExxonMobil Holdings Corporation (NYSE:XOM):

ExxonMobil Holdings Corporation today announced third-quarter 2026 earnings of $15.4 billion, or $3.72 per share. Adjusted earnings were $17.5 billion, or $4.23 per share. Cash flow from operating activities was $25.7 billion and free cash flow was $19.1 billion. Industry-leading shareholder distributions totaled $9.4 billion, including $4.3 billion of dividends and $5.1 billion of share repurchases.⁵

«In the third quarter, we continued to rise to the challenge of meeting global energy needs, drawing on unmatched scale, integration, and technical capabilities,” said Darren Woods, ExxonMobil chairman and chief executive officer. “We’re increasing production while improving efficiency – the result of years of consistent and disciplined investment and execution excellence. On the U.S. Gulf Coast, investments such as our Beaumont refinery expansion have contributed to an increase in our distillate production by approximately 40% since 2019.»

«Quarter after quarter, the evidence of a stronger business builds. We’re improving both the quality of our portfolio and the ability to optimize around it. Advantaged investments, technology, and $16.9 billion in structural cost savings since 2019 are expanding our earnings power. These are lasting improvements, not simply the result of favorable prices and margins. Markets will change, but we’re positioned to continue supplying the energy and products the world needs while delivering growth in long-term value for our shareholders.»

Additional Highlights

• Advanced CCS growth with startup at Nucor and approval for Rose carbon storage project
• Further strengthened balance sheet with nearly $11 billion of year-to-date net debt reduction⁶
• Declared a fourth-quarter dividend of $1.07 per share, payable on December 10, 2026, to shareholders of record of common stock at the close of business on November 16, 2026

Year-to-date vs. prior year-to-date⁷

• Upstream earnings improved on higher prices, advantaged volume growth in Guyana, Permian, and Golden Pass LNG, partly offset by Middle East volume impacts and higher non-cash expenses
• Energy Products earnings strengthened on higher margins, record year-to-date fuels utilization, excluding Middle East impacts², and strong optimization activities, partly offset by external impacts on operations and scheduled maintenance
• Chemical Products earnings improved on record reliability and increased North American feed advantage
• Specialty Products earnings increased with higher basestock margins and structural cost savings more than offsetting external volume impacts and costs for advantaged growth

Sequential quarter⁷

• Upstream earnings decreased driven by lower prices and accelerated Guyana entitlement impact
• Energy Products earnings improved on higher margins, strong operational performance including 100% crude unit utilization at our U.S. Gulf Coast refineries and the second-highest U.S. Gulf Coast diesel production on record³, more than offsetting external impacts to our global capacity utilization
• Chemical Products earnings decreased as margins declined, partly offset by high-value product volume growth driven by Asia Pacific seasonal demand
• Specialty Products earnings improved with higher basestock margins

ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time on October 30, 2026. To listen to the event or access an archived replay, please visit www.exxonmobil.com.