earnings
confidence high
sentiment positive
materiality 0.75
ExxonMobil Q3 earnings $8.6B; highest liquids production in 40 years; dividend raised 4%
EXXON MOBIL CORP
2024-Q3 EPS reported
$6.12
revenue$266,159,000,000
- Q3 GAAP earnings $8.61B ($1.92/sh) vs $9.07B ($2.25/sh) a year ago; YoY decline driven by weaker refining margins and lower natural gas prices.
- Cash flow from operations $17.6B; free cash flow $11.3B; $9.8B returned to shareholders including $2.5B dividends.
- Liquids production reached 3.2M bbl/d (highest in 40+ years); total output 4.6M boe/d, up 5% vs Q2.
- Quarterly dividend increased 4% to $0.99/sh, payable Dec 10; 42nd consecutive annual dividend increase.
- Cumulative structural cost savings reached $11.3B vs 2019; full-year capex guidance unchanged at $28B.