Summary
ExxonMobil Corporation (XOM) reported its third quarter and year-to-date results for the period ending September 29, 2025. The company experienced a decrease in net income for both the three and nine-month periods compared to the prior year. Third quarter net income attributable to ExxonMobil was $7.55 billion, down from $8.61 billion in the same period last year. For the nine months ended September 30, 2025, net income was $22.34 billion, a decline from $26.07 billion in the corresponding period of 2024. This earnings decline was primarily attributed to weaker commodity prices, particularly for crude oil, and lower chemical margins, compounded by increased expenses related to growth initiatives. These factors were partially offset by stronger refining margins and increased volumes from advantaged upstream investments. Despite the dip in net income, the company demonstrated strong cash flow generation from operations, though slightly lower than the previous year. Significant capital expenditures were made in the Upstream segment, reflecting ongoing investments in growth projects like those in Guyana and the Permian Basin. ExxonMobil continued its commitment to shareholder returns through substantial dividend payments and aggressive share repurchases, allocating $12.9 billion to dividends and $14.9 billion to stock buybacks in the first nine months of 2025. The company maintains a strong balance sheet with a manageable debt-to-capital ratio.
Financial Highlights
41 data points| Revenue | $85.29B |
| SG&A Expenses | $3.03B |
| Operating Expenses | $74.36B |
| Interest Expense | $90.00M |
| Net Income | $7.55B |
| EPS (Basic) | $1.76 |
| EPS (Diluted) | $1.76 |
| Shares Outstanding (Basic) | 4.29B |
Key Highlights
- 1Net income attributable to ExxonMobil for Q3 2025 was $7.55 billion, a decrease from $8.61 billion in Q3 2024.
- 2Nine-month net income was $22.34 billion, down from $26.07 billion in the prior year period.
- 3Revenue for Q3 2025 was $83.33 billion, a decrease from $87.79 billion in Q3 2024.
- 4Cash capital expenditures for the first nine months of 2025 increased to $20.9 billion from $17.5 billion in the prior year, with significant investment in the Upstream segment.
- 5Total debt increased slightly to $42.0 billion as of September 30, 2025, while the debt-to-total capital ratio remained stable at 13.5%.
- 6Shareholder distributions remained robust, with $12.9 billion in dividends and $14.9 billion in share repurchases during the first nine months of 2025.
- 7The company noted weaker crude oil prices and chemical margins as key drivers for the earnings decline, while refining margins improved.