An Exxon Mobil gasoline station in Lorton, Virginia, US, on Monday, Oct. 27, 2025.
Luke Johnson | Bloomberg | Getty Photos
Exxon Mobil on Friday reported third quarter earnings that fell 12 months over 12 months, as oil costs tumbled due largely to OPEC+ rising manufacturing.
Exxon’s web earnings fell 12% to $7.55 billion, or $1.76 per share, in comparison with $8.6 billion, or $1.92 per share, within the 12 months in the past interval. Excluding one-time gadgets, the oil main posted earnings per share of $1.88.
U.S. crude oil costs have fallen about 16% this 12 months as OPEC+ is rising manufacturing and President Donald Trump’s tariffs have the market frightened about an financial slowdown.
Exxon shares had been down greater than 1% in premarket buying and selling.
Here’s what Exxon reported for the third quarter in contrast with what Wall Avenue was anticipating, primarily based on a survey of analysts by LSEG:
- Earnings per share: $1.88 adjusted.
- Income: $85.3 billion vs. $87.7 billion
CEO Darren Woods mentioned Exxon posted its highest earnings per share in comparison with related quarters when oil costs had been falling. Earnings additionally took successful as a consequence of bottom-of-cycle margins in its chemical compounds enterprise.
Nonetheless, manufacturing in Exxon’s profitable offshore property within the South American nation of Guyana hit a quarterly file of greater than 700,000 barrels per day. Its property within the Permian Basin additionally set a manufacturing file of practically 1.7 million bpd.
Total, Exxon produced 4.77 million bpd within the quarter.
Exxon’s manufacturing enterprise recorded earnings of $5.68 billion, whereas its refining enterprise posted a revenue of $1.8 billion. Its chemical compounds product enterprise noticed earnings of $515 million.
The oil main’s capital expenditures stand at about $21 billion up to now this 12 months. It expects spending in 2025 to come back in barely beneath the decrease finish of its steerage vary of $27 billion to $29 billion.
Exxon gave again $9.4 billion to shareholders within the quarter and raised its fourth-quarter dividend to $1.03 per share.
