Report
ExxonMobil Q3 2026 results report
ExxonMobil earned $15.4bn in Q3 2026 ($17.5bn adjusted) as refining earnings more than doubled. Profit, cash, debt, buybacks and segments, from the company’s own results.
ExxonMobil reported third-quarter 2026 earnings of $15.4bn, or $3.72 a share, on 30 October 2026. That was up 6% on the second quarter of 2026 and more than double the $7.55bn it earned in Q3 2025. Adjusted earnings, which leave out identified items and timing effects, were $17.5bn ($4.23 a share), up 19% on the quarter.
Refining did the heavy lifting. Energy Products earned $9.05bn on an adjusted basis, more than double its Q2 2026 result and more than Upstream ($7.31bn) for the quarter, as Brent averaged $97.01/bbl, down from $104.52/bbl in Q2 2026.
| Key number | Q3 2026 | Change |
|---|---|---|
| Earnings (reported) | $15.4bn | +6% vs Q2 2026; +104% vs Q3 2025 |
| Adjusted earnings | $17.5bn | +19% vs Q2 2026 |
| Cash flow from operations | $25.7bn | +9% vs Q2 2026 |
| Net debt, 30 September 2026 | $22.1bn | ~$11bn lower since the end of 2025 |
Cash flow from operations was $25.7bn and free cash flow $19.1bn. ExxonMobil paid out $9.4bn to shareholders in the quarter and used much of the rest to cut debt: net debt fell to $22.1bn at 30 September 2026, nearly $11bn lower so far this year. It also announced $20bn of share buybacks for 2027.
Looking ahead, ExxonMobil has declared a Q4 2026 dividend of $1.07 a share, payable on 10 December 2026, and plans $20bn of share buybacks in 2027. The release gives no numerical production or capex guidance for Q4 2026.
This was a refining quarter for ExxonMobil. With Brent lower than in Q2 2026, upstream earnings fell, but the downstream gain was larger, so adjusted profit still rose by almost a fifth. The cash is going first to the balance sheet: net debt is down by nearly $11bn this year, while buybacks of $5.1bn in the quarter stayed well below free cash flow of $19.1bn. The $20bn buyback plan for 2027 sets the pace for next year; whether refining margins hold at these levels is the main swing factor for Q4 2026.
What the full report covers
The full report is a 6-page PDF for $9.99, available to download straight after payment. It covers:
- Headline numbers against the prior quarter and the prior year
- Profit, reported and adjusted, and what moved it
- Revenue and operating cash flow
- Capex, net debt and gearing
- Buybacks and dividends
- Segment results, with a table and a chart
- Production and throughput
- Guidance and outlook
- What it means
- Notes on the numbers and a full list of sources
The ExxonMobil logo is used only to identify the company this report is about. Entelera Research is independent and has no connection with, or endorsement from, ExxonMobil.
Sources
- ExxonMobil, Third-quarter 2026 results release, 30 October 2026: investor.exxonmobil.com
- ExxonMobil, 3Q26 supplemental information: d1io3yog0oux5.cloudfront.net
This summary is for information only and is not investment advice. It is based solely on the company’s own published results documents listed above; Entelera Research has not audited them. © 2026 Entelera (entelera.com).