ExxonMobil Oil's third-quarter profit exceeded market expectations. The US and Israel launched a war against Iran and Ukraine's attack on Russian refineries, leading to damage to global refining capacity, tightening diesel supply, and driving a sharp rise in refining profit margins, which became the main driving force for the company's profit growth. The company's third-quarter adjusted earnings per share were US$4.23, higher than market expectations of US$4.08; total adjusted profit reached US$17.5 billion, which also exceeded expectations of US$16.6 billion. The adjusted profit of the upstream business was 7.3 billion US dollars, down 20% from the second quarter, mainly affected by the fall in Brent crude oil prices; the adjusted profit of the downstream business reached 9 billion US dollars, a sharp increase of 120% over the previous month, benefiting from the increase in refining profit margins. The specialty products business's profit was $1.3 billion, up 32% year over month. ExxonMobil produced 4.5 million barrels of oil equivalent per day in the third quarter, roughly the same as the previous quarter. The company announced that the 2027 share repurchase plan is $20 billion, the same as 2026.

Zhitongcaijing · 1d ago
ExxonMobil Oil's third-quarter profit exceeded market expectations. The US and Israel launched a war against Iran and Ukraine's attack on Russian refineries, leading to damage to global refining capacity, tightening diesel supply, and driving a sharp rise in refining profit margins, which became the main driving force for the company's profit growth. The company's third-quarter adjusted earnings per share were US$4.23, higher than market expectations of US$4.08; total adjusted profit reached US$17.5 billion, which also exceeded expectations of US$16.6 billion. The adjusted profit of the upstream business was 7.3 billion US dollars, down 20% from the second quarter, mainly affected by the fall in Brent crude oil prices; the adjusted profit of the downstream business reached 9 billion US dollars, a sharp increase of 120% over the previous month, benefiting from the increase in refining profit margins. The specialty products business's profit was $1.3 billion, up 32% year over month. ExxonMobil produced 4.5 million barrels of oil equivalent per day in the third quarter, roughly the same as the previous quarter. The company announced that the 2027 share repurchase plan is $20 billion, the same as 2026.