Exxon Mobil Releases Third-Quarter Earnings Projections for 2025

Exxon Mobil Corporation has projected its third-quarter earnings for 2025, highlighting the impacts of fluctuating crude oil prices, strengthening refining margins, and significant restructuring costs. These projections offer investors an early glimpse into the company's financial performance ahead of the official results announcement scheduled for October 31, 2025.

In its recent regulatory filing, Exxon Mobil indicated that crude oil price fluctuations during the third quarter could affect upstream earnings by between a $100 million decrease and a $300 million increase. Stronger refining margins are expected to boost earnings by $300 million to $700 million compared to the second quarter. However, restructuring costs, including plans to lay off 2,000 workers globally, are projected to reduce overall earnings by $400 million to $600 million.

Exxon Mobil, headquartered in Irving, Texas, is a multinational energy company engaged in all aspects of the oil and natural gas industry. Its operations span exploration, production, transportation, and sale of crude oil and natural gas, as well as the manufacturing and marketing of petroleum products. The company also has chemical manufacturing facilities producing a variety of petrochemicals, plastics, and specialty products for industries ranging from automotive to consumer goods. Exxon Mobil traces its roots to the Standard Oil Company founded by John D. Rockefeller in 1870, with the modern corporation formed in 1999 through the merger of Exxon and Mobil. The company is led by President and Chief Executive Officer Darren W. Woods, who has emphasized operational excellence, technological innovation, and a strategic approach to meeting global energy demand while addressing environmental challenges.

In the first quarter of 2025, Exxon Mobil reported a profit of $7.71 billion ($1.76 per share), down from $8.22 billion ($2.06 per share) a year earlier. Revenue for the quarter was $83.13 billion, missing expectations. The decline was attributed to weakening energy demand, falling crude oil prices, and higher operating costs.

Brent crude averaged $68.17 per barrel—up 2% from the last quarter—while U.S. natural gas prices fell 12.5%, averaging $3.07 per MMBtu. Changes in natural gas prices could affect upstream earnings by between a $200 million decrease and a $200 million increase.

The anticipated boost in earnings from stronger refining margins reflects improved market conditions and operational efficiencies within Exxon's downstream segment.

The planned layoffs of 2,000 workers globally, particularly in Canada and the European Union, are part of a broader restructuring strategy aimed at enhancing long-term competitiveness. While these measures are expected to yield structural cost savings, they may be counterbalanced by rising expenses.

Analysts have been adjusting their forecasts in light of Exxon's projections. Zacks Research increased their Q3 2025 earnings per share (EPS) estimates for Exxon Mobil to $1.53, up from their previous estimate of $1.49. The consensus estimate for the company's full-year earnings is $7.43 per share.

Exxon Mobil is scheduled to release its third-quarter 2025 earnings on October 31, 2025. The earnings call will feature presentations from Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer; and Jim Chapman, Vice President, Treasurer, and Investor Relations. The presentation and formal remarks will be available on the Investor section of Exxon's website beginning on October 31 at approximately 5:30 a.m. CT, with a webcast starting at 8:30 a.m. CT.

Exxon Mobil's restructuring efforts, including the planned layoffs of 2,000 workers globally, have significant social and economic implications. The reduction in workforce, particularly in Canada and the European Union, may impact local economies and communities dependent on employment from the company. Additionally, the company's financial performance serves as an indicator of broader trends in the energy sector, influencing investor confidence and market dynamics.

As Exxon Mobil navigates the complexities of fluctuating commodity prices and strategic restructuring, the upcoming third-quarter earnings report will provide critical insights into the company's resilience and adaptability in a dynamic energy landscape.