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Full earnings analysis

Research updated: Jul 11, 2026, 12:00 AM UTC

Exxon Mobil (XOM) 2026 Q1

For the quarter ended March 31, 2026, ExxonMobil's reported earnings were affected by unfavorable timing effects, while advantaged growth in Guyana and the Permian, Golden Pass LNG first production, and structural cost savings advanced its long-term portfolio strategy.

Reported outcomes

Reported earnings
$4.2 billion
$7.7 billion in Q1 2025
Upstream earnings
$5.7 billion
$6.8 billion in Q1 2025
Chemical Products earnings
$110 million
$273 million in Q1 2025
Specialty Products earnings
$651 million
$655 million in Q1 2025

Management guidance

  • ExxonMobil remained on pace with its plan to repurchase $20 billion of shares in 2026, assuming reasonable market conditions.

Risks that still need monitoring

  • Commodity and margin exposure

    Earnings remain highly exposed to commodity prices, refining margins, and derivative timing effects.

  • Operational disruption

    Operational disruptions, scheduled maintenance, and geopolitical interruptions can reduce production and product volumes.

  • Capital execution risk

    A large capital program creates execution and return risk if project schedules slip or market conditions weaken.

Market reaction

-0.41%

2026-04-30 $154.33 → 2026-05-04 $153.69

Method: previous trading-day close to the first full trading-day close after the announcement.

Open historical market data

Primary sources

ExxonMobil Announces First-Quarter 2026 ResultsExxon Mobil Corporation · earningsVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 1, 2026, 12:00 AM

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ExxonMobil Investor RelationsExxon Mobil Corporation · companyVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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ExxonMobil Form 10-Q for the Quarter Ended March 31, 2026Exxon Mobil Corporation · filingVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 4, 2026, 12:00 AM

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XOM editorial research profileAlphaVue Research · editorialVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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