ExxonMobil’s refining strength supports earnings and a 2027 buyback plan
ExxonMobil ($XOM) reported third-quarter 2026 net income of $15.4 billion, or $3.72 per share, and adjusted earnings of $17.5 billion, or $4.23 per share. Adjusted Energy Products earnings increased to $9.05 billion from $4.10 billion in the preceding quarter as margins improved. Upstream adjusted earnings moved the other way, falling to $7.31 billion from $9.19 billion, with lower prices and production-entitlement effects weighing on results. Operating cash flow reached $25.7 billion and free c
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