Quarterly ResultMay 4, 2026, 12:51 PM
ExxonMobil Q1 Net Income $4.18B, EPS $1.00; Revenue $83.16B
AI Summary
ExxonMobil reported a significant decline in net income and earnings per share for the first quarter of 2026 compared to the prior year. Net income attributable to ExxonMobil fell by 45.7% to $4.18 billion, with diluted EPS decreasing to $1.00. Despite a modest 2.6% increase in sales and other operating revenue to $83.16 billion, net cash provided by operating activities also saw a substantial reduction, falling by 32.8%.
Key Highlights
- Net income attributable to ExxonMobil decreased 45.7% to $4.18 billion from $7.71 billion year-over-year.
- Diluted earnings per common share fell 43.2% to $1.00 from $1.76 in the prior year quarter.
- Sales and other operating revenue increased 2.6% to $83.16 billion from $81.06 billion.
- Net cash provided by operating activities decreased 32.8% to $8.71 billion from $12.95 billion.
- Upstream segment income decreased 15.1% to $5.74 billion from $6.76 billion.
- Energy Products segment reported a loss of $1.26 billion, down from an income of $827 million.
- Chemical Products segment income decreased 59.7% to $110 million from $273 million.
- The company acquired $4.87 billion of common stock through share repurchases.