BAKU, Azerbaijan, November 1. ExxonMobile has demonstrated an impressive financial performance, with significantly bolstered cash flow from operations, which amounted to a substantial $16 billion during the third quarter of 2023, Trend reports.
Furthermore, the company's free cash flow reached an impressive $11.7 billion, marking an increase of $6.6 billion compared to the previous quarter.
During the third quarter, ExxonMobile also demonstrated our commitment to returning value to shareholders, having distributed a total of $8.1 billion, with $3.7 billion dedicated to dividends and $4.4 billion allocated to share repurchases.
Additionally, the company's year-to-date share repurchases have reached a total of $13.1 billion, aligning seamlessly with the strategic plan to repurchase a total of $17.5 billion worth of shares in 2023.
Meanwhile, ExxonMobile's earnings in 3Q2023 reached $9.1 billion. This is a notable increase compared to 2Q2023 when earnings stood at $7.9 billion. However, if compared year-on-year, this index more than halved (down by $10.59 billion) from over $19.6 billion in 3Q2022.
Thus, ExxonMobile's earnings year-to-date in 2023 totaled $28.38 billion - down by over 50 percent year-on-year ($42.99 YTD2022).