ExxonMobil reported second-quarter 2026 adjusted earnings of $14.7 billion, or $3.52 per share, missing analyst estimates. The company generated $23.6 billion in cash flow from operations and $17.2 billion in free cash flow, returning $9.4 billion to shareholders during the quarter.
Key Highlights
- Upstream production reached 4,514 thousand oil-equivalent barrels per day (koebd), the highest level in over two decades, excluding certain disruptions.
- Reported record Permian Basin production of over 1.8 million oil-equivalent barrels per day, reinforcing the company's growth trajectory in the key U.S. basin.
- Realized an additional $1.2 billion in structural cost savings in the first half of 2026, bringing the cumulative total to $16.3 billion relative to 2019.