Overview
- Exxon reported Q3 EPS of $1.88 versus $1.47 expected, with revenue of $85.29 billion trailing the $87.71 billion consensus.
- Total production rose to 4.8 million boe per day, up 139,000 sequentially, as the Yellowtail project started four months early and lifts Guyana capacity expectations above 900,000 barrels per day.
- Cash from operations reached $14.8 billion and adjusted free cash flow was $6.3 billion, ending the quarter with $13.8 billion in cash.
- The company declared a fourth-quarter dividend of $1.03 per share, a 4% increase, and returned $9.4 billion in the quarter through $4.2 billion in dividends and $5.1 billion in buybacks.
- Management guided 2025 Permian output to about 1.6 million boe per day and now expects cash capex slightly below the $27–$29 billion range, as shares traded roughly 1% lower premarket.