TLDR
- Exxon Mobil reported Q3 2025 earnings of $7.5 billion, or $1.76 per share.
- Adjusted EPS of $1.88 beat Wall Street’s estimate of $1.82.
- Revenue and cash flow remained strong despite weaker crude prices.
- Record production achieved in Guyana and the Permian Basin.
- Quarterly dividend raised 4% to $1.03 per share.
Exxon Mobil Corporation (NYSE: XOM) traded at $114.18 as of October 31, 2025, down 0.44% in afternoon trading, after posting third-quarter results that topped analyst expectations.
Exxon Mobil Corporation, XOM
The energy giant reported adjusted earnings of $8.1 billion, or $1.88 per share, above the forecasted $1.82. Reported earnings came in at $7.5 billion, or $1.76 per share, supported by record production and solid cash flow despite lower oil prices.
Production and Project Growth
Exxon achieved record oil and gas output of 4.8 million barrels of oil equivalent per day, driven by exceptional performance in Guyana and the Permian Basin. The company started eight of its ten key projects for 2025, including the early startup of the Yellowtail development in Guyana, which began operations four months ahead of schedule and under budget.
Chief Executive Officer Darren Woods noted that Exxon is “executing at a scale unmatched in the industry,” highlighting the company’s focus on innovation and long-term growth. Exxon’s proprietary lightweight proppant technology in the Permian is improving well recoveries by up to 20%.
Financial Performance and Cost Management
Third-quarter cash flow from operations was $14.8 billion, with free cash flow of $6.3 billion. The company returned $9.4 billion to shareholders, including $4.2 billion in dividends and $5.1 billion in share repurchases, aligning with its $20 billion annual buyback goal.
ExxonMobil, $XOM, Q3-25. Results:
📊 Adj. EPS: $1.88 🟢
💰 Revenue: $85.3B 🔴
📈 Net Income: $7.5B
🔎 Record production in Guyana and the Permian drove solid results, with Yellowtail project starting ahead of schedule. pic.twitter.com/S4L67Vexvg— EarningsTime (@Earnings_Time) October 31, 2025
Year-to-date earnings totaled $22.3 billion, slightly below $26.1 billion from the same period in 2024, due to weaker crude prices and higher costs. Exxon achieved $2.2 billion in additional cost savings in 2025, pushing cumulative structural savings beyond $14 billion since 2019. The firm aims for $18 billion in total savings by 2030.
Dividend Increase and Outlook
Exxon raised its fourth-quarter dividend by 4% to $1.03 per share, marking its 43rd consecutive annual dividend increase. The company’s balance sheet remains strong, with a debt-to-capital ratio of 13.5% and cash reserves of $13.9 billion.
Despite global oil price pressures and increased spending for Permian acquisitions, Exxon’s results affirm its resilience and operational efficiency. The company’s YTD return stands at 9.09%, outperforming the broader energy sector, supported by robust project execution and a shareholder-focused capital strategy.





