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● ● ● News Release FOR IMMEDIATE RELEASE FRIDAY , OCTOBER 29 , 2021 ExxonMobil Earns $ 6.8 Billion in Third Quarter 2021 Quarterly earnings increased by $ 7.4 billion versus 2020 on improved demand and strong operations Cash flow from operating activities of $ 12.1 billion funded capital investments , debt reduction , and dividend Anticipate future annual capital investments of $ 20 billion to $ 25 billion ; 4X increase in low - carbon spend Expect to be well within debt - to - capital target range by year end ; 4Q dividend increased to $ 0.88 per share Starting 2022 , share repurchase program of up to $ 10 billion over 12 - 24 months On track to achieve 2025 emission - reduction plans by year end Results Summary ( Dollars in millions , except per share data ) Earnings / ( Loss ) ( U.S. GAAP ) Earnings / ( Loss ) Per Common Share Assuming Dilution Identified Items Per Common Share Assuming Dilution Earnings / ( Loss ) Excluding Identified Items Per Common Share Assuming Dilution Third Quarter 2021 1.57 ExxonMobil Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving , TX 75039 972 940 6007 Telephone 972 940 6143 Facsimile 6,750 ( 680 ) ( 0.01 ) 2020 1.58 ( 0.15 ) 0.03 ( 0.18 ) 3,851 4,133 Second Quarter 2021 4,690 1.10 1.10 3,803 First Nine Months 2021 2020 14,170 ( 2,370 ) 3.31 ( 0.55 ) ( 0.02 ) ( 0.20 ) 3.33 ( 0.35 ) Capital and Exploration Expenditures IRVING , Texas - October 29 , 2021 – Exxon Mobil Corporation today announced estimated third - quarter 2021 earnings of $ 6.8 billion , or $ 1.57 per share assuming dilution . Third - quarter capital and exploration expenditures were $ 3.9 billion , bringing year - to - date 2021 investments to $ 10.8 billion , as the company continued strategic investments in its advantaged assets , including Guyana , Permian Basin , and in Chemical . 10,787 16,603 Oil - equivalent production in the third quarter was 3.7 million barrels per day . Excluding entitlement effects , divestments , and government mandates , oil - equivalent production increased 4 % versus the prior - year quarter , including growth in the Permian and Guyana . " All three of our core businesses generated positive earnings during the quarter , with strong operations and cost control , as well as increased realizations and improved demand for fuels , " said Darren Woods , chairman and chief executive officer .