Exxon Mobil Corporation · XOM · Next earnings

Exxon Mobil Corporation reports Friday, Oct 30, 2026

XOM reports before market open with consensus EPS at $3.54 and revenue at $106.77B. Last quarter: Exxon Mobil Beats Estimates as Golden Pass LNG Starts, Refining Captures Disrupted Supply

Reports Before market open40 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $3.54 Calendar consensus
Consensus revenue $106.77B Calendar consensus
Report date Oct 30, 2026 Friday, date estimated
Session Before market open 40 days away

Where XOM left off: FY2026 Q1

Full report

Exxon Mobil Beats Estimates as Golden Pass LNG Starts, Refining Captures Disrupted Supply

EPS surprise +17.9% Reported $1.16 vs $0.98
Revenue surprise +4.9% Reported $85.14B vs $81.13B
Stock move -1.0% Event window
Subsequent drift -2.2% Up to 20 sessions

Guidance sentiment was maintained, but capex outlook shifted from stable to increasing. Permian production guidance of 1.8 million boe/d for 2026 was reiterated. LNG FID decisions for Papua New Guinea and Mozambique are still expected later this year. Golden Pass Train 2 is targeted for mechanical completion by year-end 2026 and Train 3 by Q2 2027. The company plans to bring online CO2 capture capacity of an additional 4 million tons per year through 2026-2027. Management flagged that Middle East disruption has not fully impacted market prices yet, with SPR releases and inventory drawdowns masking the supply gap, and anticipates a 1-2 month lag after the Strait of Hormuz reopens before normal flows resume, followed by inventory replenishment demand.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Middle East conflict and prolonged Strait of Hormuz closure could further disrupt operations and supply chains
  • Damaged Qatar LNG trains require 3-5 year repair, removing ~3% of global production capacity
  • Geopolitical and regulatory uncertainty, including potential crude export ban risks
  • Volatile commodity prices could impact cash flow despite portfolio advantages
  • Execution risk on large-scale capital projects including LNG, Permian growth, and synthetic graphite commercialization

Questions analysts left open

  • Timeline for resuming normal Middle East operations and impact on prices once the Strait reopens
  • Refining margin sustainability after March's spike and outlook into Q2
  • Repair schedule and commercial impact of damaged Qatar LNG trains, including contract extension implications
  • Viability and timing of LNG FID decisions for Papua New Guinea and Mozambique
  • Potential effects of a U.S. crude export ban on production and gas supply

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Recent XOM quarters

All XOM earnings
-1.0%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.