# Exxon Mobil (XOM) Q2 2026 earnings

Results filed 2026-07-31 for the quarter ended 2026-06-30. Source page: https://earnings.opennash.com/companies/xom/2026-q2/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/2115436/000211543626000006/0002115436-26-000006-index.htm
> 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

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Sales and other operating revenue | 114,529 | compared with 79,477 in the second quarter of 2025 | GAAP |
| Earnings attributable to ExxonMobil | $14.5 billion |  | GAAP |
| Earnings per share, diluted | $3.48 | compared with $1.64 in the second quarter of 2025 | GAAP |
| Adjusted earnings per share | $3.52 |  | non-GAAP |
| Cash flow from operating activities | $23.6 billion |  | GAAP |
| Free cash flow | $17.2 billion |  | non-GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Upstream earnings (GAAP) | 7,927 | compared with 5,737 in the first quarter of 2026 |
| Energy Products earnings (GAAP) | 5,465 | compared with (1,262) in the first quarter of 2026 |
| Chemical Products earnings (GAAP) | 1,131 | compared with 110 in the first quarter of 2026 |
| Specialty Products earnings (GAAP) | 956 | compared with 651 in the first quarter of 2026 |
| Upstream production (koebd) | 4,514 | compared with 4,594 in the first quarter of 2026 |

## Key takeaways

1. **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.
2. **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.
3. **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.
4. **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.
5. **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.

## 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.