Exxon Mobil reported Q3 2024 earnings of $8.6 billion, down from $9.1 billion in Q3 2023, primarily due to weaker industry refining margins and higher upstream depreciation. However, the results were supported by favorable timing effects from derivatives and increased volumes from the Pioneer acquisition. Total production reached 4.6 million oil-equivalent barrels per day, up 894,000 barrels from Q3 2023.The company's capital and exploration expenditures rose to $7.2 billion in Q3, up $1.1 billion year-over-year, with significant investments in upstream operations. The Upstream segment earned $6.2 billion, benefiting from record Permian production following the Pioneer acquisition, while Energy Products earnings declined to $1.3 billion due to weaker refining margins. Chemical Products earnings improved to $893 million on stronger margins.Cash flow from operations and asset sales reached $17.7 billion in Q3. The company maintained its shareholder-friendly approach, distributing $12.3 billion in dividends and repurchasing $13.8 billion of shares in the first nine months of 2024. The debt-to-capital ratio improved to 13.3% from 16.4% at year-end 2023, reflecting strong financial management despite significant acquisition activity.

Exxon Mobil reported Q3 2024 earnings of $8.6 billion, down from $9.1 billion in Q3 2023, primarily due to weaker industry refining margins and higher upstream depreciation. However, the results were supported by favorable timing effects from derivatives and increased volumes from the Pioneer acquisition. Total production reached 4.6 million oil-equivalent barrels per day, up 894,000 barrels from Q3 2023.The company's capital and exploration expenditures rose to $7.2 billion in Q3, up $1.1 billion year-over-year, with significant investments in upstream operations. The Upstream segment earned $6.2 billion, benefiting from record Permian production following the Pioneer acquisition, while Energy Products earnings declined to $1.3 billion due to weaker refining margins. Chemical Products earnings improved to $893 million on stronger margins.Cash flow from operations and asset sales reached $17.7 billion in Q3. The company maintained its shareholder-friendly approach, distributing $12.3 billion in dividends and repurchasing $13.8 billion of shares in the first nine months of 2024. The debt-to-capital ratio improved to 13.3% from 16.4% at year-end 2023, reflecting strong financial management despite significant acquisition activity.