AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
ExxonMobil Q2 2026 net income surged to $14.5B from $7.1B YoY, driven by higher crude and refining margins, Guyana and Permian growth, offset by $2.5B in identified items.
Biggest Revenue Drivers
Upstream$12.7B+35% YoY
Higher crude realizations and advantaged volume growth from Guyana and Permian.
Chemical Products$6.9B+23% YoY
Increased North America ethane feed advantage and performance chemical margins.
Biggest Revenue Drivers
Total revenue: $116.0B+42% YoY
Upstream$12.7B+35% YoY
Higher crude realizations and advantaged volume growth from Guyana and Permian.
Chemical Products$6.9B+23% YoY
Increased North America ethane feed advantage and performance chemical margins.
Specialty Products$5.3B+17% YoY
Higher basestock margins driven by global supply disruptions.
Largest Expense Items
Crude oil and product purchases$67.8B+50% YoY
Higher commodity prices and volumes.
Depreciation and depletion (includes impairments)$8.7B+42% YoY
Higher depreciation from recent acquisitions and project ramp-ups.
Production and manufacturing expenses$12.3B+21% YoY
Higher activity and scheduled maintenance.
Other taxes and duties$5.0B-21% YoY
Lower tax and duty burden on lower production and realized gains.
Margins: Gross margins expanded significantly on higher crude and refining margins from global supply disruptions and reduced refining capacity. Operating margin improved to 16.7% from 13.1% YoY, reflecting strong pricing and advantaged assets offsetting depreciation increases and identified impairments.
Watch Items from the Filing
Middle East volume disruptions reduced earnings by $1.06B in Upstream and $0.31B in Energy Products Q2, signaling geopolitical supply chain risk.
Identified items totaled $2.48B Q2 loss ($1.20B Upstream, $1.18B Energy Products impairments), reflecting asset write-downs and reserve adjustments.
Guyana and Permian advantaged assets drove $1.14B earnings growth Q2, demonstrating portfolio strength and low-cost operational advantage.
Structural cost savings accumulated $16.3B cumulative vs. 2019 levels, with $1.2B added H1 2026, supporting earnings resilience.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
104 transactions in XOM reported by 41 members of Congress under the STOCK Act, most recent trade Aug 31, 2026. Reported transactions, not recommendations.
About EXXON MOBIL CORP (XOM): stock profile, AI score and financials
EXXON MOBIL CORP (XOM) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores XOM at 57.8/100 on a composite quality score built from its SEC filings, placing it at rank #1,061 of 2,925 stocks — the top half of the AI-ranked universe. XOM scores in the top quartile across revenue scale (99.6), balance sheet strength (77.7). Areas of concern include institutional flow (29.3) and revenue growth (32.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), EXXON MOBIL CORP reports quarterly revenue of $116.0B, net income of $14.5B, an operating margin of 16.7%. Top institutional holders of XOM by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. XOM trades on the NYSE exchange and files with the SEC under CIK 34088. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate XOM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EXXON MOBIL CORP directly from SEC EDGAR.