XOM · Earnings call · 2026Q3T · Full report
Capital Return Program
ExxonMobil Holdings Corp · 2026-10-30 · Importance 59 · Surprise 32 · In source text
ExxonMobil returned $9.4 billion to shareholders in the third quarter through dividends and share repurchases. The company announced a 4% increase in its dividend per share, its 44th consecutive year of annual dividend-per-share growth. It plans to maintain share repurchases at $20 billion in 2027, assuming reasonable market conditions. The CFO said net debt fell by more than $9 billion in the quarter and that ExxonMobil had repurchased $345 billion of shares since the ExxonMobil merger.
Key facts
- ExxonMobil plans to maintain share repurchases at $20 billion in 2027, assuming reasonable market conditions.
- ExxonMobil announced a 4% increase in its dividend per share, marking its 44th consecutive year of annual dividend-per-share growth.
- Since the ExxonMobil merger, the company has bought back $345 billion in shares over about 27 years, averaging about $13 billion of share buybacks annually.
- ExxonMobil invested $7 billion in the business and returned $9.4 billion to shareholders through dividends and share repurchases this quarter.
- ExxonMobil has a strategy of continuously growing its dividend and says it will not cut its dividend.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -3.7% | ExxonMobil plans to maintain share repurchases at $20 billion in 2027, assuming reasonable market conditions. |
| cash | negative | committed | — | ExxonMobil announced a 4% increase in its dividend per share, marking its 44th consecutive year of annual dividend-per-share growth. |