ExxonMobil has reported net income of $7.5bn for the third quarter (Q3) ended 30 September 2025, a 12% decrease from $8.6bn recorded in the same period last year.
ExxonMobil attributed the decreased earnings to weaker crude prices, bottom-of-cycle chemical margins, higher depreciation, growth costs and lower base volumes from strategic divestments.
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Total revenues for the quarter stood at $85.3bn, down from $90bn in the corresponding quarter in 2024.
This decline in revenues was accompanied by a reduction in total costs, which fell to $74.4bn from $77bn in the prior-year quarter.
The company’s net production in Q3 increased by 139,000 barrels of oil equivalent per day (boepd) to 4.8 million barrels of oil equivalent per day (mboe/d), compared to 4.6mboe/d in the previous quarter.
ExxonMobil attributed the improved earnings to advantaged volumes, driven by record production in Guyana and the Permian Basin, cost savings, and stronger crude realisations, which were partially offset by lower base volumes.
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By GlobalDataExxonMobil chairman and CEO Darren Woods said: “ExxonMobil had a strong third quarter, continuing to demonstrate that we are truly in a league of our own.
“We delivered the highest earnings per share we have had compared to other quarters in a similar oil-price environment.
“We have now started up eight of our ten key 2025 projects, with the remaining two on track. No one else in our industry is executing at this scale, with this level of innovation, or delivering this kind of value.”
ExxonMobil reported net income $22.3bn for the first nine months of 2025, down from $26.1bn in the same period the previous year.
Its total revenues for the period decreased to $249.9bn from $266.2bn a year earlier. Total costs also fell to $216.7bn from $227.1bn in 2024.
Net cash flow from operating activities for the nine months was $39.3bn, compared to $42.8bn in the same period last year.
