XOM Reports earnings results (Ex. 99.1)
Summary
ExxonMobil Holdings Corporation announced its second-quarter 2026 results on July 31, 2026, via an earnings release (Ex. 99.1) and an Investor Relations Data Summary (Ex. 99.2). The company reported GAAP EPS of $3.48 and adjusted EPS of $3.52. Earnings (U.S. GAAP) for the quarter were $14,525 million, with adjusted earnings (non-GAAP) at $14,680 million. * Achieved highest Upstream production in over two decades (excluding Middle East disruptions). * Reported record Permian production, consistent with planned 9% CAGR through 2030. * Fifth Guyana FPSO set sail, with production startup planned for 4Q26, increasing capacity by 250 Kbd. * Cumulative structural cost savings reached $16.3 billion.
Why It Matters
The reported GAAP EPS of $3.48 and adjusted EPS of $3.52, alongside record Permian production and significant cumulative structural cost savings of $16.3 billion (via Ex. 99.1), signal strong operational performance and financial discipline, which are key indicators for investor confidence and future profitability.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0000034088
- Filing Date
- Friday, July 31, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive