Exxon Mobil Corporation today announced third-quarter 2023 earnings of $9.1 billion, or $2.25 per share assuming dilution. Cash flow from operations was $16.0 billion, up $6.6 billion versus the second quarter. In line with plans, capital and exploration expenditures were $6.0 billion in the third quarter, bringing year-to-date 2023 expenditures to $18.6 billion. Full-year capital and exploration expenditures are expected to be at the top end of the guidance of $23 billion to $25 billion as the company pursues value accretive opportunities.
ExxonMobil Announces Third-Quarter 2023 Results
- Generated strong third-quarter earnings of $9.1 billion, or $2.25 per share, reflecting reliable operating performance of an advantaged portfolio
- Produced $16.0 billion of operating cash flow and increased cash balance by $3.4 billion
- Delivered the best-ever third-quarter global refinery throughput1 at 4.2 million barrels per day
- Returned $8.1 billion to shareholders in the quarter and increased fourth-quarter dividend to $0.95 per share
- Announced agreement to merge with Pioneer Natural Resources, a combination that will increase U.S. Permian production, enhance energy security and accelerate Pioneer's path to net zero
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