ExxonMobil: Q3 EPS down 14%

(CercleFinance.com) - ExxonMobil reports Q3 sales of $90.
01bn, down less than 1% y-o-y. NB pmt +1.7%.

Q3 net income (group share) came to $8.61bn, down 5%, with EPS of $1.92, down 14%.

ExxonMobil CEO Darren Woods reports that the company has achieved $11.3bn in structural savings since 2019.

Our strategy offers shareholders a leading 20% return this year, and we are continuing this growth with a 4% increase in our quarterly dividend announced today, it says.

Cumulative YTD profits stand at $26.1bn, compared with $28.4bn for the same period last year.

According to Exxon, this decline is due to lower industry refining margins and natural gas prices compared with last year's historically high levels.


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