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Exxon Crushes Q3 Forecasts on Record Guyana and Permian Output
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Why This Matters
Exxon Mobil exceeded Q3 earnings forecasts, driven by record output from Guyana and the Permian Basin, despite lower crude prices.
Market Impact
Market impact analysis based on bullish sentiment with 95% confidence.
Sentiment
Bullish
AI Confidence
95%
Article Context
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Exxon Mobil (NYSE: XOM) topped Wall Street expectations for the third quarter, posting $8.1 billion in adjusted earnings, or $1.88 per share—up from $7.1 billion in Q2—on record output from Guyana and the Permian Basin. Analysts had forecast $1.82 per share, according to LSEG data. The quarter’s operational strength came despite weaker crude prices, which averaged $68.17 Brent, down 13% year-on-year. Oil and gas production rose to 4.8 million boe/d from 4.6 million in Q2, with record-setting output in both key regions helping…
Original article published by
OilPrice.com
on October 31, 2025.
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Analysis and insights provided by AnalystMarkets AI.