Exxon scores biggest quarterly profit in four years but misses analyst estimates
Exxon Mobil reported its biggest quarterly profit in four years, as Q2 adjusted earnings rose 67% Q/Q to $14.7B, but missed Wall Street expectations.
Archived explainer. For the current picture see today's XOM page.
EXXONMOBIL HLDGS COR (XOM) is drawing unusual attention today. Our newswire has captured 26 stories on XOM across 15 sources in the last 36 hours, with AI sentiment reading mixed (avg 55/100).
ExxonMobil (XOM) stock is moving lower today, down 1.7% at $155.80 in early trading. The stock opened with a gap down following the release of its second-quarter earnings report, which showed adjusted earnings per share of $3.52, missing the $3.60 estimate. Despite a revenue beat of $116.017 billion, the earnings shortfall and production disruptions in the Middle East weighed on investor sentiment.
The company reported its highest quarterly profit in four years, with adjusted earnings rising 67% year-over-year to $14.7 billion. However, the results fell short of expectations due to scheduled refinery maintenance and regional conflicts impacting production. Upstream output hit a multi-year high, with crude and liquids production up 3.5% year-over-year, while natural gas output declined. The company also reported record Permian Basin production and cumulative cost savings. ExxonMobil’s production for the quarter was 4,514 thousand oil-equivalent barrels per day, exceeding estimates, but refinery throughput was below expectations at 3,562 thousand barrels per day.
What The Data Shows: The stock has traded between $105.53 and $176.41 over the past 52 weeks and is currently valued at a P/E of 26.4. The intraday session has seen limited volume so far, at 0.1 million shares, which is below the 3-month average. Unusual options activity has been noted, with $591,000 in call premiums and $409,000 in put premiums traded. The 52-week tape has printed 51 fresh 52-week highs and three lows on July 30. Recent congressional trades include a $15,001, $50,000 sale by James A. Himes on July 20 and a $100,001, $250,000 sale by Kevin Hern on July 2.
What To Watch: The stock is currently in a consolidation phase after rising 4.1% over the past eight sessions. Investors will be watching for further updates on production disruptions in the Middle East and the impact on future earnings. No earnings date is scheduled in the near term. Coverage breadth remains high, with 26 stories from 15 sources in the last 36 hours.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
Exxon Mobil reported its biggest quarterly profit in four years, as Q2 adjusted earnings rose 67% Q/Q to $14.7B, but missed Wall Street expectations.
Exxon Mobil in charts: Q2 crude & liquids up 3.5% Y/Y while natural gas output contracts
ExxonMobil delivered standout second-quarter 2026 results, achieving the highest upstream production in over two decades (excluding the Middle East), record Permian output, and industry-leading cumulative cost savings of $16.3 billion. Robust cash flow and disciplined capital spending supported record shareholder returns and underline the company’s resilience in volatile markets.
Adjusted second-quarter earnings of $3.52 a share came in 2 cents below analyst forecasts, with scheduled maintenance limiting fuel-making profits
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
Earnings Snapshot: Exxon Mobil Q2 revenue surges to $116B, beating estimates despite EPS miss
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Earlier XOM move explainers: 2026-08-03 · 2026-07-31 · 2026-07-27 · 2026-07-20 · 2026-07-13