ExxonMobil (NYSE:XOM) Issues Quarterly Earnings Results

ExxonMobil (NYSE:XOM) issued its earnings results on Friday. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04), FiscalAI reports. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same period last year, the business posted $1.64 earnings per share.

Here are the key takeaways from ExxonMobil’s conference call:

• ExxonMobil reported exceptionally strong second-quarter results, with $14.5 billion in earnings, $23.6 billion in operating cash flow, more than $17 billion in free cash flow, and a $7 billion reduction in net debt. The company returned more than $9 billion to shareholders through dividends and buybacks.
• Guyana production reached approximately 900,000 barrels per day, while the fifth FPSO remains on track to start up by year-end. ExxonMobil said investment recovery has accelerated by roughly two years, creating an inflection toward higher free cash flow despite lower production entitlements, and it is evaluating a potential ninth FPSO.
• Permian production set another record above 1.8 million oil-equivalent barrels per day, supported by extended-reach laterals and new technologies. Management said its technology portfolio is approaching its goal of more than doubling recovery while reducing wells and capital intensity.
• Refining and specialty products benefited from Middle East-related supply disruptions, with record second-quarter diesel production, Gulf Coast refinery reliability above 95%, and record basestock margins and specialty-product earnings. Management expects refining margins to remain robust while supply capacity remains constrained.
• ExxonMobil said it is continuing an enterprise-wide operating and digital transformation, including the integration of upstream operations into a global operations organization. Structural cost savings have reached $16.3 billion since 2019, with a target of $20 billion by 2030, although the company still faces geopolitical, regulatory, and execution risks.

ExxonMobil Price Performance

Shares of XOM stock traded down $1.32 during trading hours on Friday, hitting $155.65. The company’s stock had a trading volume of 15,663,120 shares, compared to its average volume of 19,617,961. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $145.65 and a 200-day moving average of $148.55. ExxonMobil has a twelve month low of $105.53 and a twelve month high of $176.41. The stock has a market cap of $645.16 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 0.64 and a beta of 0.17.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. Morgan Stanley decreased their price target on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Piper Sandler assumed coverage on ExxonMobil in a report on Thursday, July 23rd. They set a “neutral” rating and a $158.00 price objective for the company. DZ Bank upgraded ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. raised their price target on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.45.

Institutional Investors Weigh In On ExxonMobil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Galaxy Group Investments LLC purchased a new position in ExxonMobil during the fourth quarter worth $38,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of ExxonMobil during the fourth quarter valued at $48,000. Sfam LLC purchased a new stake in ExxonMobil during the 4th quarter worth about $63,000. Chapman Financial Group LLC purchased a new stake in ExxonMobil during the 2nd quarter worth about $65,000. Finally, Wealth Watch Advisors INC acquired a new position in ExxonMobil in the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported second-quarter adjusted earnings of $3.52 per share and net income of $14.53 billion, its strongest quarterly profit in four years. Earnings more than doubled from $1.64 per share a year earlier, supported by higher crude prices and improved refining margins amid Middle East tensions. ExxonMobil quarterly profit hits four-year high but misses analyst estimates
• Positive Sentiment: Revenue reached approximately $114.5 billion, exceeding analysts’ expectations, while operating cash flow was reported at $23.6 billion and free cash flow at $17.2 billion. ExxonMobil also returned about $9.4 billion to shareholders, supporting the investment case for dividends and buybacks. ExxonMobil Announces Second-Quarter 2026 Results
• Positive Sentiment: Record Permian Basin production and progress in Guyana provide longer-term growth support. ExxonMobil said its Guyana-led venture has recovered its initial development costs, allowing future oil revenues to generate greater profits and cash flow. Guyana set for bigger oil profits as ExxonMobil recoups initial costs
• Neutral Sentiment: ExxonMobil continues to view the Middle East as a long-term growth opportunity, despite the Iran conflict temporarily taking roughly 500,000 barrels per day of production offline. Higher prices have partly offset the volume disruption, but the conflict increases operating and geopolitical risk. Exxon Is Bullish on Mideast Despite Half-Million-Barrel War Hit
• Negative Sentiment: Adjusted EPS of $3.52 missed the $3.56 consensus estimate, while other reports cited a wider miss against a $3.68 forecast. Scheduled refinery maintenance and repairs limited fuel-making profits, making Exxon’s results less impressive than Chevron’s earnings beat. ExxonMobil Q2 2026 earnings miss on refinery maintenance

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.