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Updated Aug 3, 2026
ExxonMobil posts $14.5B Q2 2026 earnings — double year-ago levels — as unprecedented refining margin expansion and Permian/Guyana growth offset Middle East disruption losses.
ExxonMobil's Q2 2026 earnings of $14.5 billion — more than double the $7.1 billion reported in Q2 2025 — were driven by sharply higher refining margins described as 'unprecedented global refining capacity reductions' and $1.14 billion in upstream advantaged volume growth from Guyana and Permian. The Middle East disruption cost the company $1.06 billion in upstream earnings and contributed to a $1.886 billion identified-item loss in Energy Products, underscoring that geopolitical supply risk remains the primary earnings volatility vector. Structural cost savings reached $16.3 billion cumulatively versus 2019, with $1.2 billion added in H1 2026, demonstrating the durability of the post-merger cost architecture.
Tone: bullishRevenue
$332.2B
XOM 10-K · FY 2025
Employees
58,000
Revenue FY2024
$349.6B
Founded
1882
Profile
XOM 10-K Item 1 · Feb 18, 2026ExxonMobil is one of the world's largest integrated oil, gas, and petrochemical companies, operating across exploration, production, refining, trading, and specialty chemicals. The company is also actively pursuing lower-emission business opportunities including carbon capture and storage, hydrogen, ammonia, and low-carbon data centers. With operations in most countries worldwide, ExxonMobil markets products under the Exxon, Esso, Mobil, and XTO brands.
Read filing description ↓ Collapse description ↑
Exxon Mobil Corporation's principal business involves exploration for, and production of, crude oil and natural gas; manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data centers, and lithium. Affiliates of ExxonMobil conduct extensive research programs in support of these businesses. The energy and petrochemical industries are highly competitive, both within the industries and also with other industries in supplying the energy, fuel, and chemical needs of industrial and individual consumers. Certain industry participants, including ExxonMobil, are expanding the scope of investments in lower-emission energy and emission-reduction services and technologies. ExxonMobil operates in a highly complex, competitive, and changing global energy business environment where decisions and risks play out over time horizons that are often decades in length. With over 59 percent of our global employees from outside the U.S. and more than 160 nationalities represented across the Company, ExxonMobil encourages and respects diversity of thought, ideas, and perspective from its workforce.
Primary products
- Crude oil
- Natural gas
- Petroleum products
- Petrochemicals
- Specialty products
- Carbon capture and storage
Business segments
End markets
Geographies
“The energy and petrochemical industries are highly competitive, both within the industries and also with other industries in supplying the energy, fuel, and chemical needs of industrial and individual consumers.” Competitive position, as stated in the filing
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