Overview

* ExxonMobil ( XOM ) Q3 earnings at $7.5 bln, EPS at $1.76

* Q3 revenue missed analyst expectations

* Company returned $9.4 bln to shareholders, including dividends and buybacks

Outlook

* ExxonMobil ( XOM ) expects full-year cash capital expenditures below $27-29 bln range

* Company aims for over $18 bln in structural cost savings by 2030

* ExxonMobil ( XOM ) plans to repurchase $20 bln of shares in 2025

Result Drivers

* PERMIAN AND GUYANA PRODUCTION - Record production in Permian and Guyana drove volume growth, offsetting weaker crude prices

* PERMIAN ACQUISITIONS - Acquired over 80,000 net acres in Permian Basin, enhancing growth opportunities

* TECHNOLOGICAL INVESTMENTS - Commissioned Discovery 6 supercomputer to enhance data processing capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $85.29 $87.70

Revenue bln bln (9

Analysts

)

Q3 EPS $1.76

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

* Wall Street's median 12-month price target for Exxon Mobil Corp ( XOM ) is $124.50, about 7.9% above its October 30 closing price of $114.69

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)