Exxon Mobil (XOM) Q1 2026 Earnings

Yes. Exxon Mobil reported Q1 2026 earnings of $1.16 a share on May 1, 2026, beating the $1.01 consensus estimate by 15.1%. Revenue was $85.1B against a $85.3B estimate.

ExxonMobil delivered a stronger-than-expected first quarter in 2026, posting adjusted EPS of $1.16 against a consensus estimate of $1.01, a 15.15% beat that extended the company's streak of topping earnings expectations to four consecutive quarters. Revenue came in at $85.14 billion, up 5.0% year over year and roughly in line with the $85.29 billion consensus, representing a marginal miss of just 0.18%. The headline story, however, lies beneath the GAAP figures: reported net income fell sharply to $4.18 billion from $7.71 billion a year ago, distorted by $3.88 billion in unfavorable mark-to-market timing effects on unsettled derivatives and $706 million in losses tied to Middle East supply disruptions, the same geopolitical turbulence that rattled peer operators across the sector this quarter. Strip those out, and underlying earnings rose to $8.77 billion from $7.58 billion, reflecting genuine structural improvement. Upstream production reached 4.6 million oil-equivalent barrels per day, while cumulative cost savings since 2019 hit $15.60 billion, keeping ExxonMobil on track toward its $20.00 billion target by 2030.