ExxonMobil (NYSE:XOM) Posts Earnings Results, Misses Expectations By $0.04 EPS

ExxonMobil (NYSE:XOM) announced its quarterly earnings results on Friday. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04), FiscalAI reports. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period last year, the business posted $1.64 EPS.

Here are the key takeaways from ExxonMobil’s conference call:

• ExxonMobil reported exceptionally strong second-quarter results, with $14.5 billion in earnings, $23.6 billion in operating cash flow, more than $17 billion in free cash flow, and a $7 billion reduction in net debt. The company returned more than $9 billion to shareholders through dividends and buybacks.
• Guyana production reached approximately 900,000 barrels per day, while the fifth FPSO remains on track to start up by year-end. ExxonMobil said investment recovery has accelerated by roughly two years, creating an inflection toward higher free cash flow despite lower production entitlements, and it is evaluating a potential ninth FPSO.
• Permian production set another record above 1.8 million oil-equivalent barrels per day, supported by extended-reach laterals and new technologies. Management said its technology portfolio is approaching its goal of more than doubling recovery while reducing wells and capital intensity.
• Refining and specialty products benefited from Middle East-related supply disruptions, with record second-quarter diesel production, Gulf Coast refinery reliability above 95%, and record basestock margins and specialty-product earnings. Management expects refining margins to remain robust while supply capacity remains constrained.
• ExxonMobil said it is continuing an enterprise-wide operating and digital transformation, including the integration of upstream operations into a global operations organization. Structural cost savings have reached $16.3 billion since 2019, with a target of $20 billion by 2030, although the company still faces geopolitical, regulatory, and execution risks.

ExxonMobil Trading Down 0.8%

NYSE:XOM opened at $155.65 on Friday. ExxonMobil has a 12 month low of $105.53 and a 12 month high of $176.41. The company’s 50 day moving average is $145.66 and its 200-day moving average is $148.60. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm has a market cap of $645.16 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 0.64 and a beta of 0.17.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 69.48%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Piper Sandler assumed coverage on ExxonMobil in a report on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 target price on the stock. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average target price of $163.45.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported second-quarter adjusted earnings of $3.52 per share and net income of $14.53 billion, its strongest quarterly profit in four years. Earnings more than doubled from $1.64 per share a year earlier, supported by higher crude prices and improved refining margins amid Middle East tensions. ExxonMobil quarterly profit hits four-year high but misses analyst estimates
• Positive Sentiment: Revenue reached approximately $114.5 billion, exceeding analysts’ expectations, while operating cash flow was reported at $23.6 billion and free cash flow at $17.2 billion. ExxonMobil also returned about $9.4 billion to shareholders, supporting the investment case for dividends and buybacks. ExxonMobil Announces Second-Quarter 2026 Results
• Positive Sentiment: Record Permian Basin production and progress in Guyana provide longer-term growth support. ExxonMobil said its Guyana-led venture has recovered its initial development costs, allowing future oil revenues to generate greater profits and cash flow. Guyana set for bigger oil profits as ExxonMobil recoups initial costs
• Neutral Sentiment: ExxonMobil continues to view the Middle East as a long-term growth opportunity, despite the Iran conflict temporarily taking roughly 500,000 barrels per day of production offline. Higher prices have partly offset the volume disruption, but the conflict increases operating and geopolitical risk. Exxon Is Bullish on Mideast Despite Half-Million-Barrel War Hit
• Negative Sentiment: Adjusted EPS of $3.52 missed the $3.56 consensus estimate, while other reports cited a wider miss against a $3.68 forecast. Scheduled refinery maintenance and repairs limited fuel-making profits, making Exxon’s results less impressive than Chevron’s earnings beat. ExxonMobil Q2 2026 earnings miss on refinery maintenance

Hedge Funds Weigh In On ExxonMobil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Galaxy Group Investments LLC acquired a new position in shares of ExxonMobil during the fourth quarter valued at about $38,000. Safe Harbor Fiduciary LLC acquired a new position in ExxonMobil in the 4th quarter valued at approximately $48,000. Sfam LLC bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $63,000. Chapman Financial Group LLC acquired a new stake in shares of ExxonMobil during the 2nd quarter worth approximately $65,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of ExxonMobil during the third quarter valued at approximately $72,000. Institutional investors own 61.80% of the company’s stock.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.