ExxonMobil: profits continue to rise in the third quarter (15.4 billion), EPS at $3.72
“Sustainable improvements, not just favourable profit margins”
(Il Sole 24 Ore Radiocor) - ExxonMobil closed the third quarter of 2026 with profits of $15.41 billion (more than double the $7.55 billion recorded in the same period of 2025, and also up on the second quarter of this year). Earnings per share (EPS) stand at $3.72. The Texas-based company has also approved a fourth-quarter dividend of $1.07 per share, payable on 10 December 2026.
The company also announced that it has increased its dividend by 4 per cent, marking the 44th consecutive year of annual dividend increases per share, and that it plans to carry out share buy-backs worth $20 billion over the course of the coming year, provided that market conditions are favourable.
“We are increasing production,” explains Darren Woods, Chairman and Chief Executive of ExxonMobil, “whilst improving efficiency: this is the result of years of consistent and disciplined investment and excellence in execution. On the US Gulf Coast, investments such as the expansion of our Beaumont refinery have contributed to an increase in our distillate production of around 40 per cent since 2019.” Furthermore, “strategic investments, technology and $16.9 billion in structural cost savings since 2019 are boosting our profitability. These are lasting improvements, not simply the result of favourable prices and margins.”
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