ExxonMobil has engaged Shearwater GeoServices to conduct an extensive 3D seismic survey covering approximately 10,000 square kilometres in deepwater blocks offshore Trinidad and Tobago. The multi-vessel campaign, expected to commence in the second quarter, will gather high-resolution subsurface data to support ongoing exploration for additional hydrocarbon resources in the Columbus and Orinoco basins. This investment underscores the company’s commitment to enhancing its exploration portfolio in lower-risk, high-potential offshore acreage.

In the third quarter, ExxonMobil reported adjusted earnings per share of $1.88, surpassing analyst models by $0.16. Quarterly revenue stood at $83.3 billion, roughly flat with consensus projections, while downstream margins benefited from optimized refinery throughput. Return on equity reached 11.2% and net margin was 9.0%, despite a 5.2% year-over-year decline in total sales volumes. Management reiterated full-year production guidance of 4.2 million barrels of oil equivalent per day.

ExxonMobil increased its quarterly dividend to $1.03 per share, representing an annualized payout of $4.12 and a payout ratio of 59.9%. The board also approved a new $30 billion share repurchase authorization, to be executed over the next 24 months, reinforcing the company’s capital allocation strategy of maintaining investment-grade leverage while returning excess cash to investors.

During the third quarter, Campbell & Co Investment Adviser LLC initiated a position of 15,166 shares valued at $1.71 million. Vanguard Group boosted its holdings by 0.3%, now owning 431 million shares, while Geode Capital Management added 0.4% to reach 96 million shares. Norges Bank’s new stake is valued at $6.2 billion, and Bank of New York Mellon increased its holding by 2.8% to 46.6 million shares. Collectively, institutional investors hold 61.8% of the company’s outstanding shares.