Bullish
ExxonMobil's stock price rises 2% to $172.31 amid strong Q2 2026 earnings report.
ExxonMobil reported robust second-quarter 2026 earnings, with a 2% increase in stock price to $172.31. The company achieved earnings of $14.5 billion, or $3.48 per share, and adjusted earnings of $14.7 billion, or $3.52 per share. Cash flow from operating activities was $23.6 billion, and free cash flow was $17.2 billion. Shareholder distributions totaled $9.4 billion, including $4.3 billion in dividends and $5.1 billion in share repurchases.
Key points
- ExxonMobil's Q2 2026 earnings of $14.5 billion, or $3.48 per share, surpass expectations.
- Record upstream production in the Permian Basin, exceeding competitors' growth.
- Fifth Guyana Floating Production Storage and Offloading (FPSO) unit set sail, with production startup planned for Q4 2026.
- Cumulative structural cost savings of $16.3 billion, more than all other International Oil Companies combined.
Sources
AI-generated from public news sources. Not financial advice.
