Can Exxon fund dividends and buybacks through a lower oil-price cycle without adding debt?
Excerpt from the published report · Original language: English
For the six months ended June 30, 2026, ExxonMobil generated $32.3 billion of operating cash flow against $13.0 billion of capital spending, $8.6 billion of dividends, and $10.0 billion of share repurchases. Total debt was $42.4 billion at June 30, 2026, versus $43.5 billion at December 31, 2025. This supports funding the current investment and distribution program without adding debt, although buybacks are the clea…Selected report sources