ExxonMobil Announces First-Quarter 2026 Results

Key Points:

• Exxon Mobil reported first-quarter 2026 earnings of $4.2 billion, or $1.00 per share, rising to $8.8 billion and $2.09 per share when excluding identified items and unfavorable timing effects; cash flow from operations was $8.7 billion, with shareholder distributions totaling $9.2 billion.
• The company achieved record production in Guyana and commenced first LNG production at Golden Pass Train 1, boosting U.S. LNG exports by 5%, while maintaining industry-leading reliability and structural cost savings totaling $15.6 billion since 2019.
• Upstream earnings were $5.7 billion, down from the prior year due to operational disruptions and divestments but supported by volume growth in Guyana and the Permian; Energy Products earnings improved on better margins and cost savings despite lower volumes.
• Exxon Mobil declared a second-quarter dividend of $1.03 per share and plans $20 billion in share repurchases for 2026, supported by a strong balance sheet with a debt-to-capital ratio of 15.4% and cash capital expenditures of $6.2 billion in line with guidance.
• CEO Darren Woods emphasized ExxonMobil's resilience through market disruptions, highlighting the company's strategic focus on advantaged assets, disciplined capital allocation, and cost optimization as foundations for sustainable growth through 2030 and beyond.