Exxon Mobil Prepares for Third-Quarter Earnings Amid Market Fluctuations

Exxon Mobil Corporation is set to release its third-quarter 2025 financial results on October 31, with projections indicating a complex interplay of factors affecting its earnings. The company anticipates that fluctuations in crude oil prices could impact upstream earnings by between -$100 million and +$300 million. Additionally, stronger refining margins are expected to boost earnings by $300 million to $700 million compared to the second quarter. However, restructuring costs are projected to reduce overall earnings by $400 million to $600 million. These projections are based on a 2% increase in Brent crude prices, averaging $68.17 per barrel during the quarter.

Exxon Mobil, headquartered in Irving, Texas, is one of the world's largest publicly traded oil and gas companies, engaged in exploration, production, refining, and marketing of oil and natural gas. In recent years, the company has faced challenges due to fluctuating oil prices and has undertaken restructuring efforts to streamline operations and reduce costs.

In the second quarter of 2025, Exxon Mobil reported a net profit of $7.08 billion ($1.64 per share), down from $9.24 billion the previous year, with revenue falling to $81.51 billion. Despite the decline, the company exceeded profit estimates due to increased production, reaching 4.6 million oil-equivalent barrels per day, the highest Q2 upstream output since the Exxon-Mobil merger.

Analysts have set the Zacks Consensus Estimate for third-quarter earnings at $1.78 per share, implying a decline of 7.3% from the year-ago reported number. The consensus estimate for third-quarter revenues is currently pegged at $86.8 billion, suggesting a 3.6% decline from the year-ago actuals.

As of October 29, 2025, Exxon Mobil's stock (NYSE: XOM) is trading at $116.45 per share, with a change of $1.49 (0.01%) from the previous close. The intraday high is $117.04, and the intraday low is $114.51. The latest open price was $115.12, with an intraday volume of 12,563,203 shares.

In September 2025, Exxon Mobil announced plans to lay off 2,000 workers globally as part of a long-term restructuring plan, affecting about 3% to 4% of the company’s global workforce. The layoffs are part of an effort to improve efficiency by consolidating office locations and bringing teams together. A company spokesperson stated, "Our global office network was established decades ago under very different circumstances. To support the collaboration so critical to our success, we are aligning our global footprint with our operating model and bringing our teams together."

The oil and gas industry has experienced volatility due to fluctuating oil prices and global market dynamics. In the second quarter of 2025, both Exxon Mobil and Chevron reported their lowest quarterly profits in four years due to subdued oil prices, driven by increased OPEC+ production.

Exxon Mobil's restructuring efforts, including the planned layoffs of 2,000 workers globally, have significant social and economic implications. These layoffs may impact local economies, particularly in regions where the company has a substantial presence. Additionally, fluctuations in oil prices and refining margins can influence global energy markets, affecting fuel prices and economic stability.

As Exxon Mobil navigates the complexities of fluctuating oil prices, refining margins, and restructuring costs, the upcoming third-quarter earnings report will provide critical insights into the company's financial health and strategic direction amid an evolving energy landscape.