XOM Exxon Mobil (XOM) Q3 FY25 earnings call
ExxonMobil reported a strong third quarter, driven by record production in Guyana and the Permian, alongside significant progress on strategic projects and structural cost reductions. The company continues to leverage its technological advantages and project execution capabilities to deliver robust returns, while prudently pacing investments in nascent low-carbon markets. Management emphasized a disciplined approach to capital allocation and inorganic growth, focusing on opportunities that leverage core competencies and generate high returns.
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XOM operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | This call Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Oil production Guyana | ~650K bbl/dWe have three major developments online producing roughly 650,000 gross barrels per day in total, considerably above our investment basis.Source: earnings call transcript | 700K bbl/d+Let's start in Guyana, where we're breaking records with production of more than 700,000 barrels per day in the quarter.Source: earnings call transcript | ~875K bbl/dOur most recent project, Yellowtail, came online ahead of schedule, raising gross production in the fourth quarter to roughly 875,000 barrels per day.Source: earnings call transcript | ~900K bbl/dIn the quarter, Guyana delivered gross production volumes of approximately 900,000 barrels per day.Source: earnings call transcript | — |
| Production Permian Basin | ~1.6M boe/dDuring the quarter, we produced roughly 1.6 million oil equivalent barrels per day, which was another record for us.Source: earnings call transcript | <1.7M boe/dIn the Permian Basin, another advantaged asset, we set yet another production record of nearly 1.7 million oil-equivalent barrels per day.Source: earnings call transcript | — | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.