Exxon Q2 Profit Doubles Y-o-Y to $14.5B On Solid Execution


   
   SECAUCUS, NJ (DTN) -- ExxonMobil reported on Friday (07/31) that net profit 
rebounded sharply in the second quarter of 2026 to $14.5 billion. The strong 
quarterly performance was supported by record Permian Basin production and 
robust refining utilization despite ongoing Middle East market disruptions.

   ExxonMobil also stated that:

Net profit of $14.5 billion compares with $4.2 billion in the first quarter of 
2026 and $7.1 billion in the year-ago period.Adjusted earnings reached $14.7 
billion in the second quarter when excluding identified items, up from $8.8 
billion in the prior quarter.Upstream earnings climbed to $7.9 billion due to 
higher reliability and the absence of operational disruptions previously seen 
in Kazakhstan.Energy Products segment earnings swung to $5.5 billion from a 
$1.3 billion loss in the first quarter, driven by record diesel production.Net 
oil-equivalent production averaged 4.5 million bpd, powered by record Permian 
output of more than 1.8 million bpd.   Total energy products sales reached 5.7 
million bpd in the second quarter versus 5.6 million bpd in the previous 
quarter. Chemical products sales totaled 4.5 million metric tons compared with 
5.4 million metric tons in the first quarter.

    




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