Exxon Mobil (XOM) Q3 2026 Earnings
Adjusted EPS of $4.23 excludes a $675 million ($0.16/share) gain on sale of assets, $(226) million ($(0.05)/share) of other identified items, and $(2,541) million ($(0.61)/share) of estimated timing effects; GAAP diluted EPS was $3.72.
How Did XOM Stock React to Q3 2026 Earnings?
Did XOM Beat Earnings? Q3 2026 Results
Yes. Exxon Mobil reported Q3 2026 earnings of $4.23 a share on Oct 30, 2026, beating the $3.98 consensus estimate by 6.3%. Revenue was $113.2B against a $104.0B estimate.
ExxonMobil delivered a strong third-quarter 2026 beat on both the top and bottom lines, powered by a surge in refining profitability that more than offset softer upstream earnings. Adjusted EPS of $4.23 came in 6.25% ahead of the $3.98 consensus estimate, while revenue of $113.16 billion topped expectations by 8.78% and surged 35.8% from a year ago. The standout driver was Energy Products, where higher refining margins and 100% crude unit utilization at U.S. Gulf Coast refineries, including a record-near diesel output performance, lifted segment earnings sharply quarter over quarter. On a GAAP basis, the company reported diluted EPS of $3.72, with the gap to adjusted results driven largely by $2.54 billion of unfavorable estimated timing effects tied to mark-to-market movements on unsettled derivatives. Operating cash flow reached $25.70 billion and free cash flow $19.10 billion, supporting $9.40 billion in shareholder distributions during the quarter. Looking ahead, management announced a $20.00 billion share repurchase target for 2027 and declared a fourth-quarter dividend of $1.07 per share, extending the company's streak of annual dividend-per-share increases to 44 consecutive years.
- Upstream: year-to-date earnings improved on higher prices and advantaged volume growth in Guyana, Permian, and Golden Pass LNG
- Energy Products: higher margins and strong operational performance, including 100% crude unit utilization at U.S. Gulf Coast refineries
- Second-highest U.S. Gulf Coast diesel production on record
- Record year-to-date refining performance: highest global fuels utilization excluding Middle East impacts, highest global diesel yield, highest North American diesel volumes
- Chemical Products: year-to-date earnings improved on record reliability and increased North American feed advantage
- Specialty Products: higher basestock margins
- $16.9 billion cumulative structural cost savings since 2019, including $1.8 billion in the first nine months of 2026
- $675 million gain on sale of assets in 3Q26
“In the third quarter, we continued to rise to the challenge of meeting global energy needs, drawing on unmatched scale, integration, and technical capabilities.”
Exxon Mobil CEO, on the earnings call
What Is Exxon Mobil's Outlook?
ExxonMobil announced plans for $20 billion of share repurchases in 2027, assuming reasonable market conditions. Management said its structural improvements from advantaged investments, technology and $16.9 billion in cumulative structural cost savings since 2019 are lasting. It said the company is positioned to keep supplying energy and products while growing long-term shareholder value as markets change.
XOM YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $113.2B | $83.3B | +35.8% |
| Net Income | $15.4B | $7.5B | +104.2% |
When Does Exxon Mobil Report Next?
Figures from SEC filings and company reports. Not investment advice.