Financial Highlights

• Year-to-date earnings totaled $22.3 billion compared to $26.1 billion in the same period last year. Earnings excluding identified items related to restructuring costs were $22.9 billion, versus $26.1 billion in the prior year. Weaker crude prices, bottom-of-cycle chemical margins, higher depreciation, growth costs, and lower base volumes from strategic divestments decreased earnings. These impacts were partially offset by advantaged volume growth in the Permian and Guyana, additional structural cost savings, and favorable timing effects.
• The company surpassed $14 billion in cumulative Structural Cost Savings since 2019, with an additional $2.2 billion achieved in 2025. The company is on track to achieve more than $18 billion in cumulative Structural Cost Savings by the end of 2030.
• The company generated strong year-to-date cash flow from operations of $39.3 billion and free cash flow of $20.6 billion. Shareholder distributions of $27.8 billion included $12.9 billion of dividends and $14.9 billion of share repurchases, consistent with the company’s plan to repurchase $20 billion of shares this year.
• The Corporation declared a fourth-quarter dividend of $1.03 per share, an increase of 4%, payable on December 10, 2025, to shareholders of record of Common Stock at the close of business on November 14, 2025. The company has grown its annual dividend-per-share payments for 43 consecutive years.
• The company’s industry-leading debt-to-capital and net-debt-to-capital ratio were 13.5% and 9.5%, respectively, with a period-end cash balance of $13.9 billion.¹
• Cash capital expenditures were $8.6 billion in the third quarter, including $2.4 billion in growth acquisitions. Year-to-date spending is $20.9 billion, of which $20.9 billion was for additions to property, plant and equipment. Excluding acquisitions, the company expects full-year cash capital expenditures slightly below the lower end of the $27 billion to $29 billion guidance range.

Exxon