Exxon Mobil reported first quarter 2026 revenue of $83.2 billion and earnings per share of $1.00. While revenue increased from $81.1 billion in the prior-year period, GAAP EPS declined significantly from $1.76, driven by lower upstream results.
Key Highlights
- Upstream reported earnings fell to $5.7 billion from $6.8 billion year-over-year, which was partially offset by strong performance in the Energy Products segment where adjusted earnings grew by $1.9 billion.
- Production in Guyana set a new quarterly record, surpassing 900 thousand gross barrels of oil per day.
- Shareholder distributions totaled $9.2 billion for the quarter, comprised of $4.3 billion in dividends and $4.9 billion in share repurchases.