Exxon Crushes Q3 Forecasts on Record Guyana and Permian Output
Update: 2025-10-31
Description
Exxon Mobil's Q3 earnings surpassed expectations, with a 15% increase in adjusted earnings to $8.1 billion, driven by record production in Guyana and the Permian Basin. Despite lower oil prices, the company raised output to 4.8 million barrels of oil equivalent per day. Exxon announced a 4% dividend increase and is on track to complete $20 billion in share buybacks. However, restructuring costs and increased spending in the Permian Basin impacted free cash flow. The company remains committed to long-term investments and growth, with plans to restart its Mozambique LNG project.
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