Exxon Mobil's 2026Q2 results mark a sharp cyclical inflection, with revenue surging 44.1% YoY to $114.5B and EPS up 112.2%, reversing a year of contraction. The company's fortress balance sheet, evidenced by a D/E of 0.16 and $42.4B total debt, supports aggres...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 44.1% YoY to $114.5B in 2026Q2, but gross margin compressed to 22.4% from 37.7% sequentially, highlighting volatile pricing and operating leverage that swung operating income 243% quarter-over-quarter.
ExxonMobil's recent gains in Permian production are expected to boost overall production capacity and revenues, with a breakeven price below $40/bbl.
Geopolitical factors could drive oil prices above $110/bbl, significantly boosting Exxon's earnings.
A $20 billion share buyback program for 2026 and a solid dividend yield of approximately 2.6-3.5% provide attractive returns.
A ceasefire or reopening of the Strait of Hormuz could remove the 'war premium' from oil prices, potentially dropping them to $60-$70.
With a P/E ratio of around 22x, the stock may be overvalued, especially if oil prices decline.
Competitor BP is currently outperforming ExxonMobil, which could lead to investment reallocation.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 31, 2026 | $3.52-1.1% vs $3.56 | $116.0B+5.5% vs $109.9B |
Q2 2026 May 1, 2026 | $1.16+17.9% vs $0.98 | $85.1B+4.9% vs $81.1B |
Q1 2026 Jan 30, 2026 | $1.71+0.6% vs $1.70 | $82.3B+2.1% vs $80.6B |
Q4 2025 Oct 31, 2025 | $1.88+3.3% vs $1.82 | $83.3B-3.6% vs $86.5B |
Solid oil prices, a stable integrated business model and robust midstream operations make the Zacks Oil and Gas Integrated International industry's outlook bright. XOM, CVX, BP and E will make the most of the favorable business scenario.
JPMorgan's commodity team admitted what many are thinking on the Iran situation and oil: We just don't know. The biggest energy stock getting some analyst love is Chevron.
Exxon plans to double its global LNG business by 2030. LNG is one of its three main upstream growth drivers.
Exxon Mobil Holdings (XOM) concluded the recent trading session at $158.3, signifying a -3.2% move from its prior day's close.
Benchmark XOM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Exxon Mobil Corporation (XOM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $158.69 | $657.76B | 23.69 | -4.52% | 8.91% | 10.74% | 2.52% | |
| $202.43 | $403.16B | 30.53 | -4.64% | 9.87% | 10.66% | — | |
| $125.27 | $152.62B | 19.73 | 7.51% | 14.87% | 14.32% | — | |
| $43.10 | $112.54B | 2112.75 | 0.08% | 2.51% | 7.19% | — | |
| $93.93 | $261.89B | 15.66 | -6.13% | 8.76% | 14.64% | — | |
| $89.85 | $200.1B | 15.55 | -6.78% | 9.07% | 14.5% | — |
Exxon Mobil Corporation (XOM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Exxon Mobil Corporation (XOM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 1, 2026·SEC
May 29, 2026·SEC
May 4, 2026·SEC
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Exxon Mobil Corporation (XOM) stock FAQ — growth, dividends, profitability & financials explained
Exxon Mobil Corporation (XOM) reported $361.06B in revenue for fiscal year 2025. This represents a 209% increase from $116.73B in 1996.
Exxon Mobil Corporation (XOM) saw revenue decline by 4.5% over the past year.
Yes, Exxon Mobil Corporation (XOM) is profitable, generating $32.76B in net income for fiscal year 2025 (8.9% net margin).
Yes, Exxon Mobil Corporation (XOM) pays a dividend with a yield of 2.52%. This makes it attractive for income-focused investors.
Exxon Mobil Corporation (XOM) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.
Exxon Mobil Corporation (XOM) generated $30.55B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
