Exxon Mobil (XOM) Q2 2026 (USD): Adj. EPS 3.52 (exp. 3.61), Adj. Net Income 14.7bln (exp. 15bln)
Exxon Mobil reported a Q2 earnings miss despite record Permian and Upstream production. Management warned that a Strait of Hormuz closure could significantly reduce Middle East output in Q3.
News detail
Operating cash flow 23.555bln (prev. 8.705bln Q/Q) Free cash flow 17.236bln (prev. 2.699bln Q/Q). Upstream earnings 7.927bln (prev. 5.737bln Q/Q) Energy Products earnings 5.465bln (prev. -1.262bln Q/Q) Record Permian production, highest Upstream production in more than two decades (excluding Middle East disruptions), record diesel production Quarterly dividend 1.03/share. Net oil-equivalent production: 4.514mboed (vs. 4.594mboed Q/Q) Highest Upstream production in more than two decades, excluding Middle East disruptions Record Permian production: more than 1.8mboed Fifth Guyana FPSO set sail, with startup planned for Q4 2026, adding 250kbd of capacity Record diesel production in the quarter Says:Full closure of the Strait of Hormuz throughout Q3 would reduce its Middle East production by around 750k barrels of oil equivalent per day versus 2025 levels.
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