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Investing.com -- Exxon Mobil reported mixed third-quarter results, as earnings beat expectations but revenue came in below forecasts.
Shares in the energy giant slipped more than 1% in premarket trading.
The company reported earnings per share of $1.88, ahead of consensus estimates of $1.83. Revenue totaled $85.3 billion, slightly below the $86.48 billion consensus forecast.
Net production rose by 139,000 barrels of oil equivalent per day to 4.8 million barrels. Operating cash flow reached $14.8 billion, while free cash flow stood at $6.3 billion.
“ExxonMobil had a strong third quarter, continuing to demonstrate that we are truly in a league of our own,” said Darren Woods, ExxonMobil chairman and CEO. “We delivered the highest earnings per share we’ve had compared to other quarters in a similar oil-price environment."
The company returned $9.4 billion to shareholders during the quarter and raised its fourth-quarter dividend to $1.03 per share.