ExxonMobil Holdings Corp 8-K
PositiveEarnings
Plans $20B in 2027 buybacks, subject to market conditions, and declares a $1.07/share Q4 dividend
Filed 2026-10-30 06:32 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
Summary
Q3 2026 results, with shareholder-return announcements. ExxonMobil attributed its performance to advantaged production, refining operations and cost savings, while lower prices and Guyana entitlement impacts weighed on Upstream earnings sequentially. It declared a Q4 dividend of $1.07 per share, payable 12/10/2026 to shareholders of record on 11/16/2026, and announced planned 2027 share repurchases of $20B, assuming reasonable market conditions.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Sales and other operating revenue | $111B, +32% Y/Y | $308B, +26% Y/Y |
| Net income attributable to ExxonMobil (GAAP) | $15.4B, +104% Y/Y | $34.1B, +53% Y/Y |
| Adjusted earnings (non-GAAP) | $17.5B | $41.0B, +82% Y/Y |
| Diluted EPS (GAAP) | $3.72, +111% Y/Y | $8.18, +59% Y/Y |
| Adjusted diluted EPS (non-GAAP) | $4.23 | $9.82, +89% Y/Y |
| Cash flow from operating activities (GAAP) | $25.7B | $57.9B, +47% Y/Y |
| Free cash flow (non-GAAP) | $19.1B | $39.0B, +90% Y/Y |
- YTD GAAP earnings increased in Upstream to $20.8B from $17.8B and in Energy Products to $11.4B from $4.03B. Upstream benefited from higher prices and advantaged volume growth in Guyana, the Permian and Golden Pass LNG; Energy Products benefited from stronger margins, record YTD fuels utilization excluding Middle East impacts, and optimization.
- Q3 Upstream production was 4.496 million oil-equivalent barrels per day; YTD production was 4.534 million, down from 4.651 million Y/Y. ExxonMobil also reported record YTD diesel yield and North American diesel volumes, and its highest global fuels utilization excluding Middle East impacts.
- Q3 shareholder distributions were $9.4B: $4.3B in dividends and $5.1B in share repurchases. Average diluted shares were 4.140B, down from 4.285B Y/Y. Net debt fell by nearly $11B YTD to $22.1B at 9/30/2026, based on $34.3B of total debt less $12.2B of cash.
- Structural cost savings totaled $16.9B cumulatively since 2019, including $1.8B added in the first nine months of 2026.
- ExxonMobil assumed operatorship at Papua LNG and agreed to increase its interests in Papua LNG to 34% and Rovuma LNG in Mozambique to 50%; it already operates Rovuma.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch Upstream production and refining utilization in coming quarters: sustaining the production growth and operating performance cited in the release would support ExxonMobil’s business-performance narrative.
- Track progress at Papua LNG following the operatorship and interest changes; project progress would provide evidence of execution on its international upstream and LNG strategy.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-30 14:39:29Z