Business & Finance

ExxonMobil and Chevron beat third-quarter estimates on higher prices

Associated Press reports both companies posted better-than-expected third-quarter results, with Exxon's adjusted profit topping analyst estimates.

Updated Oct 31, 2026 · 12:23 UTC4 reports

The short version

Exxon and Chevron both reported third-quarter results that beat expectations, helped by higher prices and record production.[Associated Press]
Exxon's adjusted profit of $4.23 per share topped the $4.12 analyst estimate, while revenue rose 33% to $113.16 billion.[Associated Press]
Chevron reported $9.9 billion in third-quarter earnings, or $5.06 per share, with revenue up 36% to $67.8 billion.[Associated Press]

Exxon and Chevron reported third-quarter results that beat expectations, aided by higher prices and record production.[Associated Press]
Exxon's net income more than doubled to $3.72 per share in the third quarter.[Associated Press]
Exxon's adjusted profit was $4.23 per share, above the $4.12 average analyst estimate.[Associated Press]
Exxon's revenue rose 33% to $113.16 billion in the quarter, also above estimates.[Associated Press]
Chevron earned $9.9 billion, or $5.06 per share, in the third quarter, with revenue up 36% to $67.8 billion.[Associated Press]

All figures come from a single outlet, Associated Press, and have not been independently verified in the available reporting.[Associated Press]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.