Materials and webcast replay
3Q 2021 earnings overview
• 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
For reconciliation of and other information about non-GAAP measures, please refer to the earnings release.
$6.8B
Earnings ex. identified items
$12.1B
Cash flow from operating activities
~$15B
Lower-carbon investments 2022 – 2027
Up to $10B
Share repurchases over 12 – 24 months starting in 2022
This is where it all begins. Where the story of safely and responsibly meeting the global demand for energy starts. Across the upstream, our geologists, engineers and scientists work tirelessly to explore for and develop oil and natural gas using innovation and industry-leading technology.
As one of the largest refiners in the world, we manufacture and distribute products derived from crude oil and other feedstocks. Our global network of manufacturing plants, transportation systems, and distribution centers provides fuels, basestocks, finished lubricants, and other high-value products to customers, including business-to-business segments.
ExxonMobil Chemical is one of the largest chemical companies in the world. Our facilities convert crude oil and natural gas into petrochemical feedstocks that are used in medical equipment, electronics, clothing, vitamin capsules, tires and many other products.