Exxon Mobil (XOM) · Energy
Exxon Mobil Q2 2026 earnings: summary, key numbers & outlook
Results filed 31 Jul 2026 · Quarter ended 30 Jun 2026
Press release ↗Investor relations ↗
Summaries and transcripts are machine-generated and can contain errors.
In brief
ExxonMobil reported second-quarter 2026 earnings of $14.5 billion, or $3.48 per share, with adjusted earnings of $14.7 billion, or $3.52 per share, and cash flow from operating activities of $23.6 billion.
ExxonMobil earned $14.5 billion, or $3.48 per share, in the second quarter of 2026. Adjusted earnings were $14.7 billion, or $3.52 per share. Cash flow from operating activities was $23.6 billion and free cash flow was $17.2 billion. The company returned $9.4 billion to shareholders, $4.3 billion in dividends and $5.1 billion in buybacks. Upstream production hit its highest level in more than two decades excluding the Middle East disruptions, and Permian output set a record.
The release gives no numeric earnings or spending guidance. It says the company will keep growing advantaged production, and it declared a third-quarter dividend of $1.03 per share. The Guyana fifth FPSO is on plan to start up in 4Q26, adding 250 Kbd. The main tension is volatility: results were shaped by Middle East disruptions, $2,638 million of identified charges, and timing effects that lifted GAAP earnings above the underlying level.
Key numbers
- Sales and other operating revenue · GAAP
- $114.5B
- Earnings attributable to ExxonMobil · GAAP
- $14.5 billion
- Earnings per share, diluted · GAAP
- $3.48
- Adjusted earnings per share · non-GAAP
- $3.52
- Cash flow from operating activities · GAAP
- $23.6 billion
- Free cash flow · non-GAAP
- $17.2 billion
compared with 79,477 in the second quarter of 2025
compared with $1.64 in the second quarter of 2025
| Segment or metric | Value | Change |
|---|---|---|
| Upstream earnings (GAAP) | $7.9B | compared with 5,737 in the first quarter of 2026 |
| Energy Products earnings (GAAP) | $5.5B | compared with (1,262) in the first quarter of 2026 |
| Chemical Products earnings (GAAP) | $1.1B | compared with 110 in the first quarter of 2026 |
| Specialty Products earnings (GAAP) | $956.0M | compared with 651 in the first quarter of 2026 |
| Upstream production (koebd) | 4,514 | compared with 4,594 in the first quarter of 2026 |
Where each number comes from
- Sales and other operating revenue: “Revenues and other income Sales and other operating revenue | 114,529 | 79,477 | 197,690 | 160,535 Income from equity affiliates | 893 | 1,462”
- Earnings attributable to ExxonMobil: “ExxonMobil Holdings Corporation today announced second-quarter 2026 earnings of $14.5 billion, or $3.48 per share. Adjusted earnings were $14.7 billion, or $3.52 per share.”
- Earnings per share, diluted: “ExxonMobil Holdings Corporation today announced second-quarter 2026 earnings of $14.5 billion, or $3.48 per share. Adjusted earnings were $14.7 billion, or $3.52 per share.”
- Adjusted earnings per share: “ExxonMobil Holdings Corporation today announced second-quarter 2026 earnings of $14.5 billion, or $3.48 per share. Adjusted earnings were $14.7 billion, or $3.52 per share.”
- Cash flow from operating activities: “Cash flow from operating activities was $23.6 billion and free cash flow was $17.2 billion. Industry-leading shareholder distributions totaled $9.4 billion, including $4.3 billion of dividends”
- Free cash flow: “Cash flow from operating activities was $23.6 billion and free cash flow was $17.2 billion. Industry-leading shareholder distributions totaled $9.4 billion, including $4.3 billion of dividends”
- Upstream earnings (GAAP): “Earnings/(Loss) (U.S. GAAP) 7,927 | 5,737 | Upstream | 13,664 | 12,158 5,465 | (1,262) | Energy Products | 4,203 | 2,193”
- Energy Products earnings (GAAP): “Earnings/(Loss) (U.S. GAAP) 7,927 | 5,737 | Upstream | 13,664 | 12,158 5,465 | (1,262) | Energy Products | 4,203 | 2,193”
- Chemical Products earnings (GAAP): “1,131 | 110 | Chemical Products | 1,241 | 566 956 | 651 | Specialty Products | 1,607 | 1,435 (954) | (1,053) | Corporate and Financing”
- Specialty Products earnings (GAAP): “1,131 | 110 | Chemical Products | 1,241 | 566 956 | 651 | Specialty Products | 1,607 | 1,435 (954) | (1,053) | Corporate and Financing”
- Upstream production (koebd): “Volumes 4,514 | 4,594 | Production (koebd) | 4,554 | 4,591 5,698 | 5,630 | Energy Products Sales (kbd) | 5,664 | 5,436”
Copied from the press release ↗ and other documents in the SEC filing ↗. A figure is published only if its sentence is in the filing.
| From the filing | Q2 2026 | vs year ago | vs last quarter |
|---|---|---|---|
| Revenue | $116.0B | +42.3% | — |
| Net income | $14.5B | +105.1% | — |
| Diluted EPS | $3.48 | +112.2% | — |
Calculated by code from XBRL, not by the model.
Key takeaways
Earnings and cash flow rose sharply on quarter
Earnings were $14.5 billion versus 4,183 million in 1Q26, and adjusted earnings were $14.7 billion. Cash flow from operating activities was $23.6 billion.
Shareholder returns totaled $9.4 billion
The company paid $4.3 billion of dividends and bought back $5.1 billion of shares. It declared a third-quarter dividend of $1.03 per share.
Energy Products swung from loss to profit
Energy Products earned 5,465 million in 2Q26 versus a loss of (1,262) million in 1Q26. The release credits strong U.S. Gulf Coast utilization and record diesel production.
Records in the Permian and diesel
Permian production exceeded 1.8 Moebd, a record, and second-quarter diesel production was a record. Upstream production excluding the Middle East disruptions was the highest in more than two decades.
Charges and timing effects widened GAAP gap
Identified items cost (2,638) million, including $1,365 million in additions to financial reserves and (1,079) million of impairments. Estimated timing effects added 2,483 million.
Charts
Data
| Q2 2025 | $81.5B |
| Q3 2025 | $85.3B |
| Q2 2026 | $116.0B |
| Q3 2026 | $113.2B |
Data
| Q2 2025 | $1.64 |
| Q3 2025 | $1.76 |
| Q2 2026 | $3.48 |
| Q3 2026 | $3.72 |
Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.
Data
| Q3 2025 | $6.1B |
| Q3 2026 | $18.5B |
Operating cash flow minus capital expenditure, from cash flow statements.
Questions
What were ExxonMobil's second-quarter 2026 earnings?
Earnings were $14.5 billion, or $3.48 per share, and adjusted earnings were $14.7 billion, or $3.52 per share. A year earlier earnings were 7,082 million, or $1.64 per share.
How much cash did ExxonMobil generate and return?
Cash flow from operating activities was $23.6 billion and free cash flow was $17.2 billion. Shareholder distributions totaled $9.4 billion, with $4.3 billion of dividends and $5.1 billion of share repurchases.
What is the dividend?
ExxonMobil declared a third-quarter dividend of $1.03 per share, payable on September 10, 2026, to shareholders of record on August 17, 2026.
Why did GAAP and adjusted earnings differ?
Identified items reduced earnings by 2,638 million, including impairments and $1,365 million in additions to financial reserves, while estimated timing effects added 2,483 million. Adjusted earnings exclude both.
Did ExxonMobil give numeric guidance?
The release gives no numeric earnings or spending guidance. It says the fifth Guyana FPSO startup is on plan for 4Q26, adding 250 Kbd of capacity, and that Permian growth is consistent with a planned 9% CAGR through 2030.
Documents
SEC filing