ExxonMobil (NYSE:XOM) Posts Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• ExxonMobil beat quarterly estimates: EPS came in at $4.23 versus the $4.12 consensus, while revenue reached $110.5 billion, above expectations. Net income rose to $15.4 billion from $6.75 billion a year earlier.
• Refining led results as tight global fuel markets and record utilization boosted earnings, surpassing upstream profits for the first time in six years. Growth in the Permian, Guyana and LNG projects also supports future production.
• Shareholder returns increased: ExxonMobil raised its dividend by about 4%—its 44th consecutive annual increase—and plans approximately $20 billion in share repurchases in 2027, though geopolitical disruptions remain a key risk.

ExxonMobil (NYSE:XOM - Get Free Report) announced its earnings results on Friday. The oil and gas company reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.11, FiscalAI reports. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same quarter last year, the firm earned $1.88 earnings per share.

Here are the key takeaways from ExxonMobil's conference call:

• Strong third-quarter financial performance generated $15.4 billion in GAAP earnings and $25.7 billion in operating cash flow. ExxonMobil invested $7 billion in the business while returning $9.4 billion to shareholders.
• Refining benefited from tight global product markets and record utilization, while prior investments lifted diesel yields and helped triple underlying Energy Products unit earnings since 2019. Baytown, Baton Rouge, and Beaumont projects are expected to further increase diesel, lubricant, and chemical-feedstock output.
• Upstream growth remains supported by the Permian and Guyana, where Stabroek production surpassed 1 billion barrels and the Uaru development is expected to start in the fourth quarter. ExxonMobil also expanded its LNG position by increasing interests and assuming operatorship in Papua LNG and Rovuma LNG.
• ExxonMobil raised its dividend per share by 4%, marking 44 consecutive years of annual dividend growth, and plans to maintain approximately $20 billion in share repurchases in 2027, subject to market conditions.
• Middle East disruptions and attacks on refining capacity are keeping fuel markets tight, with ExxonMobil estimating that normalization could take well beyond next year. Qatar LNG and UAE export logistics continue to weigh on volumes or sales timing, although management expects deferred UAE revenue to catch up as transportation routes improve.

ExxonMobil Stock Performance

Shares of NYSE XOM traded up $3.69 during midday trading on Friday, hitting $186.98. 13,073,152 shares of the stock traded hands, compared to its average volume of 17,675,523. The firm has a market capitalization of $775.01 billion, a P/E ratio of 24.06, a PEG ratio of 0.91 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a 50-day moving average of $167.35 and a two-hundred day moving average of $154.04. ExxonMobil has a one year low of $112.51 and a one year high of $188.50.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Quarterly earnings beat expectations. ExxonMobil reported third-quarter adjusted EPS of $4.23, above the $4.12 consensus, while revenue of $110.5 billion also exceeded estimates. Net income reached $15.4 billion, compared with $6.75 billion a year earlier. ExxonMobil Announces Third-Quarter 2026 Results
• Positive Sentiment: Refining was the primary profit driver. Record refining margins and strong North American diesel output more than offset weaker oil prices, with refining earnings surpassing upstream earnings for the first time in six years. Exxon’s Refineries Out-Earned Its Oil Wells
• Positive Sentiment: Shareholder returns were increased. ExxonMobil raised its dividend by approximately 3.9% and announced plans for $20 billion in share repurchases during 2027, strengthening the investment case for income and capital returns. ExxonMobil Raises Dividend and Sets Buyback Plan
• Positive Sentiment: Energy-market conditions remain supportive. Brent crude was approaching $120 per barrel amid escalating Middle East tensions, while conflicts involving Iran and Russia continued to tighten fuel markets and support refining margins. Exxon and Chevron Earnings Propelled by Refining Surge
• Neutral Sentiment: Options activity was unusually bullish, with traders purchasing roughly 79,748 XOM call options, about 28% above average call volume. This signals optimism but is not a fundamental change in the company’s outlook.
• Negative Sentiment: Geopolitical exposure remains a risk. ExxonMobil’s CEO said global refining disruptions may not have a quick fix, and executives canceled planned travel to a Gulf energy conference because of security concerns. Higher prices benefit profits but could also damage demand and create operational risks. ExxonMobil CEO Sees No Quick Fix for Refining Disruptions

Wall Street Analyst Weigh In

Several brokerages have issued reports on XOM. Jefferies Financial Group increased their price target on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, August 17th. Barclays lifted their price target on ExxonMobil from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, October 19th. Wall Street Zen raised shares of ExxonMobil from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. William Blair initiated coverage on ExxonMobil in a research report on Wednesday. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company cut ExxonMobil from an "overweight" rating to an "equal weight" rating and set a $182.00 price target on the stock. in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $167.70.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil NYSE: XOM, is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

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