Exxon Mobil Corporation earnings overview

XOM FY2026 Q1 · Calendar Q2 2026

Exxon Mobil Corporation

Exxon Mobil delivered a strong first quarter despite unprecedented Middle East conflict disrupting global energy supplies. EPS of $1.16 beat the $0.98 consensus by 18%, and revenue of $85.1B exceeded the $81.1B estimate by 5%. The company leveraged its integrated portfolio to offset disruptions: record Guyana production, the first LNG cargo from Golden Pass Train 1 in March, and a 200,000 barrel-per-day increase in Gulf Coast refining throughput from February to March. However, the market reaction was negative -- the stock showed a -1.3% abnormal move on the report session and drifted an additional -2.2% afterward, suggesting investors focused on the damaged Qatar LNG trains (3-5 year repair timeline representing ~3% of global production) and the uncertain geopolitical backdrop rather than the earnings beat. Management's bullish score rose to 88 from 85 in the prior quarter, and capex…