Bullish
ExxonMobil's Q2 2026 earnings soar to $14.5 billion, EPS at $3.48.
ExxonMobil reported strong second-quarter 2026 earnings, driven by record upstream production and strategic cost savings. The company achieved its highest upstream production in over two decades, excluding Middle East disruptions, and set a new record in the Permian Basin. Additionally, cumulative structural cost savings reached $16.3 billion, surpassing all other international oil companies combined.
Key points
- Record upstream production in Q2 2026, excluding Middle East disruptions.
- Permian Basin production hits new highs, exceeding competitors.
- Structural cost savings of $16.3 billion, leading the industry.
Sources
AI-generated from public news sources. Not financial advice.
