ExxonMobil Q3 Profit More Than Doubles to $15.4B

ExxonMobil reported third-quarter 2026 net income of $15.4 billion, more than double the $7.5 billion recorded a year earlier, while revenue rose about 33% to $113.2 billion. Higher oil prices and sharply stronger refining margins—amid disrupted global capacity—boosted results, particularly in Energy Products; upstream earnings fell from the prior quarter, production was broadly stable quarter to quarter, and chemical earnings declined. Adjusted earnings were $17.5 billion, with $25.7 billion in operating cash flow and $19.1 billion in free cash flow. The company returned $9.4 billion to shareholders through dividends and share repurchases and said it plans to buy back $20 billion of shares in 2027, subject to market conditions. For the first nine months of 2026, net income reached $34.1 billion, up from $22.3 billion in the same period a year earlier.