ExxonMobil (XOM) Q3 2025 Financial Results Summary

2025-10-31 · Stocks · QuoteReporter

ExxonMobil (XOM) Q3 2025 Financial Results Summary

Released on October 31, 2025

Exxon Mobil Corporation has reported its financial results for the third quarter of 2025, highlighting strong earnings and strategic investments. Here is an overview of the key financial metrics and events from the quarter.

Overview of Financial Performance

Net Income: $7.5 billion
This represents an increase of 6.6% compared to $7.1 billion in Q2 2025.
Earnings Per Share (EPS): $1.76 per share
An increase of 7.3% compared to $1.64 in Q2 2025.
Cash Flow from Operations: $14.8 billion
Up from $11.6 billion in Q2 2025, marking a 27.8% increase.
Free Cash Flow: $6.3 billion
Increased from $5.4 billion in Q2 2025.

Year-to-Date Performance

Total Year-to-Date (YTD) Earnings: $22.3 billion
Decreased by 14.3% compared to $26.1 billion in YTD 2024.
EPS YTD: $5.16
Down 15.7% from $6.12 YTD 2024.
Overall Cash Flow from Operations YTD: $39.3 billion
A decrease of 8.2% compared to $42.8 billion in YTD 2024.
Total Shareholder Distributions: $27.8 billion
Including $12.9 billion of dividends and $14.9 billion of share repurchases.

Shareholder Returns

Quarterly Dividend: Increased to $1.03 per share
This is a 4% increase from the previous dividend, continuing a streak of annual growth for 43 consecutive years.
Total Shareholder Returns in Q3: $9.4 billion
Breakdown includes $4.2 billion in dividends and $5.1 billion in share repurchases.

Operational Highlights

Production Highlights:
Set new production records:
- Guyana surpassed 700,000 barrels per day.
- Permian production reached 1.7 million oil-equivalent barrels per day.
Projects:
Started up eight out of ten key projects in 2025.
The Yellowtail project in Guyana began production four months ahead of schedule.
Growth Initiatives:
Strategic acquisitions in the Permian Basin for 80,000 additional net acres.
Investment in a next-generation supercomputer to enhance data processing capabilities.

Segment Performance

Upstream

YTD Earnings (Upstream): $17.8 billion
Down 5.8% from $18.9 billion in YTD 2024.
Q3 Earnings: $5.7 billion
An increase of 5.1% compared to Q2 2025.

Energy Products

Year-to-Date Earnings: $4.0 billion
Representing an increase of 11.1% from $3.6 billion in YTD 2024.
Third Quarter Earnings: $1.8 billion
An increase of 34.7% from $1.3 billion in Q2 2025.

Chemical Products

Year-to-Date Earnings: $1.1 billion
A decline of 57.0% compared to $2.5 billion in YTD 2024.
Third Quarter Earnings: $515 million
Up 75.9% from $293 million in Q2 2025.

Specialty Products

Third Quarter Earnings: $740 million
A decrease of 5.1% from $780 million in Q2 2025.
Year-to-Date Earnings: $2.2 billion
Down 5.4% compared to $2.3 billion in YTD 2024.

Debt and Cash Management

Debt-to-Capital Ratio: 13.5%
Net Debt-to-Capital Ratio: 9.5%

Period-End Cash Balance: $13.9 billion, reflecting a decrease from prior periods.

Overall, ExxonMobil’s Q3 2025 results illustrate a strong operational performance despite challenges in crude prices and market conditions. The company’s commitment to shareholder returns remains evident through dividends and share repurchase activities.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Preliminary)
Dollars in millions

	Three Months Ended		Nine Months Ended
	September 30, 2025	September 30, 2024	September 30, 2025	September 30, 2024
Revenues and other income
Sales and other operating revenue	83,331	87,792	243,866	258,189
Income from equity affiliates	1,267	1,481	4,098	5,067
Other income	696	743	1,966	2,903
Total revenues and other income	85,294	90,016	249,930	266,159
Costs and other deductions
Crude oil and product purchases	47,928	51,261	140,043	153,061
Production and manufacturing	10,094	9,881	30,279	28,776
Selling, general and administrative	3,032	2,296	8,100	7,359
Depreciation and depletion (includes impairments)	6,475	6,258	18,278	16,857
Exploration expenses, including dry holes	149	339	464	640
Non-service pension and postretirement benefit expense	119	33	322	90
Interest expense	90	207	440	699
Other taxes and duties	6,475	6,715	18,767	19,617
Total costs and other deductions	74,362	76,990	216,693	227,099
Income/(Loss) before income taxes	10,932	13,026	33,237	39,060
Income tax expense/(benefit)	3,164	4,055	10,082	11,952
Net income/(loss) including noncontrolling interests	7,768	8,971	23,155	27,108
Net income/(loss) attributable to noncontrolling interests	220	361	812	1,038
Net income/(loss) attributable to ExxonMobil	7,548	8,610	22,343	26,070
OTHER FINANCIAL DATA
Earnings per common share (U.S. dollars)	1.76	1.92	5.16	6.12
Earnings per common share – assuming dilution (U.S. dollars)	1.76	1.92	5.16	6.12
Total Dividends on common stock	4,242	4,240	12,865	12,333
Per common share (U.S. dollars)	0.99	0.95	2.97	2.85
Millions of common shares outstanding
Average – assuming dilution	4,285	4,462	4,328	4,260
Taxes
Income taxes	3,164	4,055	10,082	11,952
Total other taxes and duties	7,319	7,609	21,589	22,300
Total taxes	10,483	11,664	31,671	34,252
Sales-based taxes	5,487	5,174	16,246	17,062
Total taxes including sales-based taxes	15,970	16,838	47,917	51,314
ExxonMobil share of income taxes of equity companies (non-GAAP)	517	682	1,660	2,587

CONDENSED CONSOLIDATED BALANCE SHEET

(Preliminary)
Dollars in millions

	September 30, 2025	December 31, 2024
ASSETS
Current assets
Cash and cash equivalents	13,814	23,029
Cash and cash equivalents – restricted	55	158
Notes and accounts receivable – net	45,285	43,681
Inventories
Crude oil, products and merchandise	23,174	19,444
Materials and supplies	4,064	4,080
Other current assets	2,113	1,598
Total current assets	88,505	91,990
Investments, advances and long-term receivables	46,138	47,200
Property, plant and equipment – net	298,388	294,318
Other assets, including intangibles – net	21,309	19,967
Total Assets	454,340	453,475
LIABILITIES
Current liabilities
Notes and loans payable	9,212	4,955
Accounts payable and accrued liabilities	65,382	61,297
Income taxes payable	3,256	4,055
Total current liabilities	77,850	70,307
Long-term debt	32,824	36,755
Postretirement benefits reserves	10,394	9,700
Deferred income tax liabilities	39,942	39,042
Long-term obligations to equity companies	1,145	1,346
Other long-term obligations	23,962	25,719
Total Liabilities	186,117	182,869
EQUITY
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)	46,808	46,238
Earnings reinvested	480,367	470,903
Accumulated other comprehensive income	-12,782	-14,619
Common stock held in treasury (3,802 million shares at September 30, 2025, and 3,666 million shares at December 31, 2024)	-253,832	-238,817
ExxonMobil share of equity	260,561	263,705
Noncontrolling interests	7,662	6,901
Total Equity	268,223	270,606
Total Liabilities and Equity	454,340	453,475