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ExxonMobil reports results for third quarter 2020

03.11.2020 12:25

IRVING, Texas – October 30, 2020 – Exxon Mobil Corporation today announced an estimated third quarter 2020 loss of $680 million, or $0.15 per share assuming dilution. Third quarter capital and exploration expenditures were $4.1 billion, bringing year-to-date spending to $16.6 billion, more than $6 billion lower than the prior year period.

  • Third quarter results improved by $400 million from the second quarter, primarily driven by early stages of demand recovery; excluding identified items, results improved by $2.2 billion
  • On track to exceed reduction targets for 2020 capital and cash expenses; further reductions anticipated in 2021
  • Continued Guyana progress with third major deepwater development approval and two new discoveries

Press release

Third Quarter 2020 Earnings - webcast presentation materials

Third Quarter 2020 Earnings - announcement

Third Quarter 2020 Earnings Supplement - PDF version


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