Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6 billion, or $1.92 per share, with cash flow from operating activities reaching $17.6 billion and free cash flow at $11.3 billion. Capital and exploration expenditures for the quarter were $7.2 billion, aligning with the full-year guidance of $28 billion.
The company achieved $11.3 billion in cumulative structural cost savings since 2019, including an additional $1.6 billion in the first nine months of 2024. Upstream production reached 4.582 million oil-equivalent barrels per day, marking one of the strongest third quarters in a decade.
ExxonMobil demonstrated its commitment to shareholder returns by increasing its quarterly dividend by 4% to 99 cents per share, extending its streak of annual dividend increases to 42 years. The company's strategy of transforming its enterprise is improving its structural earnings power and delivering leading returns.
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