Exxon Mobil Corp. reported first-quarter adjusted earnings of $1.16 per share, exceeding analyst estimates. Revenue reached $85.14 billion, falling short of market forecasts. GAAP profit dropped to $4.18 billion for the quarter. This figure fell from $7.7 billion in the prior-year period. Unfavorable hedging and Middle East geopolitical tensions impacted the results.
The company achieved record production levels in Guyana and the Permian Basin. Exxon also launched LNG production at its Golden Pass facility. The board declared a second-quarter dividend of $1.03 per share. Management maintained its $20 billion share repurchase plan for 2026.