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

ExxonMobil (NYSE:XOM) posted its earnings results on Friday. The oil and gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.11, FiscalAI reports. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period in the previous year, the company posted $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 Price Performance

Shares of XOM traded up $3.74 during trading hours on Friday, reaching $187.03. The stock had a trading volume of 21,142,659 shares, compared to its average volume of 17,679,371. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil has a 12 month low of $112.51 and a 12 month high of $188.50. The stock has a market capitalization of $775.23 billion, a PE ratio of 24.07, a PEG ratio of 0.91 and a beta of 0.21. The company’s 50-day moving average is $167.35 and its two-hundred day moving average is $154.04.

Key Stories Impacting ExxonMobil

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 Analysts Forecast Growth

A number of research firms have recently commented on XOM. HSBC restated a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. William Blair initiated coverage on shares of ExxonMobil in a report on Wednesday. They issued a “market perform” rating for the company. Jefferies Financial Group raised their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Mizuho cut their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.70.

About ExxonMobil

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.