ExxonMobil reported earnings of $8.6 billion ($1.92 per diluted share) for Q3 2024. Cash flow from operations reached $17.6 billion, with free cash flow of $11.3 billion. Capital and exploration expenditures were $7.2 billion, aligning year-to-date expenditures at $20 billion, consistent with the annual target of $28 billion.
Key achievements include the highest liquids production in over 40 years (3.2 million barrels per day) and a 10 percent increase in high-value product sales. The company returned $9.8 billion to shareholders and declared a 4 percent higher Q4 dividend of $0.99 per share.
ExxonMobil’s ongoing enterprise-wide transformation has yielded $11.3 billion in structural cost savings since 2019. The company continues to lead in shareholder returns, posting 20 percent year-to-date growth
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