XOM · 10-Q · 2026Q3 · Full report

Structural Cost Savings

ExxonMobil Holdings Corp · 2026-11-02 · Importance 46 · Surprise 42 · In source text

Cumulative structural cost savings relative to 2019 reached an estimated $16.9 billion, including an additional $1.8 billion in the first nine months of 2026. Nine-month cash operating expenses excluding energy and production taxes were $31.8 billion, compared with $33.0 billion in the prior-year period. The filing attributes the savings measure to sustainable decreases in cash operating expenses from operational efficiencies, workforce reductions, divestment-related reductions, and other cost-saving measures.

Key facts

• Cumulative Structural Cost Savings relative to 2019 totaled $16.9 billion, including an additional $1.8 billion in the first nine months. source
• Upstream third-quarter structural cost savings increased earnings by $210 million. source
• Upstream year-to-date structural cost savings increased earnings by $540 million. source
• Energy Products third-quarter structural cost savings increased earnings by $180 million. source
• Energy Products year-to-date structural cost savings increased earnings by $570 million. source
• Chemical Products third-quarter structural cost savings increased earnings by $60 million. source
• Chemical Products year-to-date structural cost savings increased earnings by $210 million. source
• Specialty Products third-quarter structural cost savings increased earnings by $40 million. source

Impact estimates