ExxonMobil Q2 2026: profit $14.53B, adjusted EPS misses consensus
ExxonMobil earned $14.53 billion in Q2 2026, up from $7.08 billion a year ago, yet adjusted EPS of $3.52 landed 1.9% below the $3.59 consensus estimate. Read the 46.0% revenue jump as a price story: non-U.S. crude sold at $92.42 a barrel against a $104.52 Brent benchmark while production slipped to 4,514 koebd. Cash was the real headline, with $17.24 billion of free cash flow.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.48 and adjusted EPS of $3.52 both dwarf last year's $1.64, but the adjusted figure fell 1.9% short of the $3.59 consensus. The mix is what matters: $2.48 billion of favorable timing effects and $2.64 billion of identified charges, including $1.37 billion added to financial reserves, both ran through the quarter. Strip the timing swing out and the $14.68 billion of adjusted earnings looks far less dominant.
Revenue of $116.02 billion rose 46.0% from $79.48 billion in the same quarter last year. Almost all of it came from price, not barrels: Brent averaged $104.52 versus $63.69 in the fourth quarter of 2025 and the indicative refining margin reached $29.0 a barrel. Oil-equivalent production actually fell to 4,514 koebd from 4,594 koebd in the prior quarter.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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