ExxonMobil Reports Q3 2026 Financial Results

# ExxonMobil Reports Third-Quarter 2026 Financial Results

**SPRING, Texas** – ExxonMobil Holdings Corporation (NYSE: XOM) announced its third-quarter 2026 financial and operational performance, highlighting strong cash flow, increased production, and continued disciplined capital allocation.

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## Executive Summary & Financial Highlights

ExxonMobil reported GAAP earnings of **$15.4 billion** ($3.72 per share) for Q3 2026, up from $14.5 billion in Q2 2026. Adjusted earnings reached **$17.5 billion** ($4.23 per share).

* **Operating Cash Flow:** $25.7 billion
* **Free Cash Flow:** $19.1 billion
* **Shareholder Distributions:** $9.4 billion ($4.3 billion in dividends; $5.1 billion in share buybacks)
* **Dividend Growth:** Declared a Q4 dividend of **$1.07 per share** payable Dec. 10, 2026 (record date Nov. 16, 2026), marking 44 consecutive years of annual dividend increases.
* **Buyback Plan:** Announced planned share repurchases of **$20 billion in 2027**.
* **Balance Sheet:** Net debt was reduced by nearly $11 billion year-to-date, ending the quarter at $22.1 billion.

> *”Quarter after quarter, the evidence of a stronger business builds,”* said **Darren Woods, Chairman and CEO**. *”We’re increasing production while improving efficiency – the result of years of consistent and disciplined investment and execution excellence. Investments such as our Beaumont refinery expansion have contributed to an increase in our distillate production by approximately 40% since 2019.”*

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## Q3 2026 Financial Results Summary

| Metric (in $ millions, except per share) | 3Q26 | 2Q26 | Change vs 2Q26 | YTD 2026 | YTD 2025 | Change vs YTD 2025 |
| :— | :—: | :—: | :—: | :—: | :—: | :—: |
| **GAAP Net Earnings** | $15,413 | $14,525 | +$888 | $34,121 | $22,343 | +$11,778 |
| **Adjusted Net Earnings** *(Non-GAAP)* | $17,505 | $14,680 | +$2,825 | $40,957 | $22,457 | +$18,500 |
| **GAAP EPS ($)** | $3.72 | $3.48 | +$0.24 | $8.18 | $5.16 | +$3.02 |
| **Adjusted EPS ($)** *(Non-GAAP)* | $4.23 | $3.52 | +$0.71 | $9.82 | $5.19 | +$4.63 |

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## Performance by Business Segment

### Earnings Breakdown (U.S. GAAP & Adjusted)

| Segment (in $ millions) | 3Q26 GAAP | 2Q26 GAAP | 3Q26 Adjusted | 2Q26 Adjusted | YTD 2026 GAAP | YTD 2025 GAAP |
| :— | :—: | :—: | :—: | :—: | :—: | :—: |
| **Upstream** | $7,088 | $7,927 | $7,308 | $9,189 | $20,752 | $17,837 |
| **Energy Products** | $7,169 | $5,465 | $9,053 | $4,099 | $11,372 | $4,033 |
| **Chemical Products** | $735 | $1,131 | $725 | $1,214 | $1,976 | $1,081 |
| **Specialty Products** | $1,285 | $956 | $1,283 | $969 | $2,892 | $2,175 |
| **Corporate & Financing** | $(864) | $(954) | $(864) | $(791) | $(2,871) | $(2,783) |
| **Total** | **$15,413** | **$14,525** | **$17,505** | **$14,680** | **$34,121** | **$22,343** |

### Operating Volumes Summary

* **Upstream Production:** 4,496 thousand oil-equivalent barrels per day (koebd) in Q3 (vs. 4,514 koebd in Q2).
* **Energy Products Sales:** 5,753 thousand barrels per day (kbd) in Q3 (vs. 5,698 kbd in Q2).
* **Chemical Products Sales:** 4,888 thousand metric tons (kt) in Q3 (vs. 4,471 kt in Q2).
* **Specialty Products Sales:** 1,737 kt in Q3 (vs. 1,784 kt in Q2).

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## Key Operational & Strategic Developments

* **Upstream Milestones:** Achieved cumulative production of 1 billion barrels in both Guyana and Kearl, as well as 100 million tons at PNG LNG.
* **LNG Expansion:** Expanded international footprint by becoming operator of Papua LNG (increasing working interest to 34%) and raising working interest in the Rovuma LNG project in Mozambique to 50%.
* **Refining Records:** Reached record year-to-date global refining performance, high diesel yields, and record North American diesel volumes. U.S. Gulf Coast refineries maintained 100% crude unit utilization during the quarter.
* **Structural Cost Savings:** Reached **$16.9 billion** in cumulative structural cost reductions since 2019, adding $1.8 billion in savings over the first nine months of 2026.
* **Low Carbon Solutions:** Advanced carbon capture and storage (CCS) initiatives, including startup operations at Nucor and project approval for the Rose carbon storage development.