ExxonMobil formalized negotiations with Venezuela about operating one or more oil fields, months after CEO Darren Woods called the country “uninvestable” given its condition at the time

ExxonMobil plans to invest more than $100 billion over the next few years to help augment global energy supplies, Chief Executive Officer Darren Woods told CNBC after the supermajor posted blockbuster quarterly results.

EXXONMOBIL CEO: UAE PRODUCTION RETURNED TO LEVELS CONSISTENT WITH HISTORICAL OUTPUT; UAE PRODUCTION IS BEING BOOKED, BUT SALES REALIZATION IS DELAYED BY CONSTRAINTS; WORKING WITH UAE TO GET BARRELS OUT OF THE GULF

ExxonMobil CEO Darren Woods describes the clean products shortage (mostly diesel / jet fuel) in thirds: 1/3 is directly Persian Gulf; another 1/3 is China (which is linked to Middle East), and 1/3 is Russia-Ukraine (which he thinks is going to take a "lot longer" to resolve).

ExxonMobil Q3 2026 Earnings - Adj EPS: $4.23 (est $4.13) - Production: 4,496 KOEBD (est 4,440) - Total Rev And Other Income: $113.16B (est $105.36B) - Boosts Quarterly Dividend To $1.07/Share From $1.03 (est $1.07) - Still Sees FY Net Cash Capex Of $27B To $29B

EXXONMOBIL $XOM Q3’26 EARNINGS HIGHLIGHTS 🔹 Adj. EPS: $4.23 (Est. $4.08) 🟢 🔹 Adj. Earnings: $17.5B 🔹 GAAP EPS: $3.72 🔹 Upstream Production: 4,496 koebd Segment Earnings: 🔹 Upstream: $7.3B 🔹 Energy Products: $9.1B 🔹 Chemical Products: $725M 🔹 Specialty Products: $1.3B Cash Flow & Returns: 🔹 Cash Flow From Operations: $25.7B 🔹 Free Cash Flow: $19.1B 🔹 Cash CapEx: $7.0B 🔹 Shareholder Distributions: $9.4B 🔹 Q4 Dividend: $1.07/share Other Q3 Metrics: 🔹 Structural Cost Savings: $16.9B 🔹 Net Debt: $22.1B Key Updates: 🔹 Milestones: 1B barrels at Guyana and Kearl; 100M tons at PNG LNG 🔹 LNG Interests: Papua 34%; Rovuma, Mozambique 50% 🔹 2027 Share Repurchases: $20B Comments: 🔸 “We're increasing production while improving efficiency - the result of years of consistent and disciplined investment and execution excellence.” 🔸 “These are lasting improvements, not simply the result of favorable prices and margins.”