I see this misconception all over MN every day.
Exercise is fantastic for your physical and mental health in many ways, but it is not a weight loss tool.
Posters are forever quoting energy in -minus energy out = energy stored, etc, as if we are petrol engines or something! we are not - this is not how our body works.
It is more like energy available / energy required to maintain weight= energy body decides to use.
Your body burns off excess energy if you are taking in more than your homeostatic systems think you need. Your body slows down and uses far less energy if you have taken in less than your homeostatic system thinks you need.
And so if you lose weight, and go below what your body wants you to be, then your metabolism will just slow down massively to make the weight go back on. And if you exercise a lot, your metabolism will just adjust to accommodate that.
The key to weight loss is making sure your homeostatic systems decide you should be a healthy weight. You can lower the weight your homeostatic systems is attempting to maintain, with healthy eating, cut out sugar, HPF, vegetable oil, margarine, and cut down on wheat.
Eat plenty of fresh food and greens, nothing long dated.
Unless you are running 10K every single day, you are not exercising enough to change your weight, and even if you are, it won't stay changed.
The obesity epidemic is related to sugar, highly processed food, vegetable oil, margarine, etc, and poor diet in general, not too little exercise.
But don't get me wrong, there are other health problems caused by too little exercise, I am not saying exercise is bad, just that an obese child is not necessarily a child getting inadequate exercise, as so many people seem to think.
Read "Why we eat too much" by Andrew Jenkinson, he explains the up to date science in so much more detail.