ExxonMobil (NYSE:XOM) Announces Earnings Results

Key Points

• ExxonMobil posted adjusted Q1 results above expectations with $1.16 EPS (vs. $0.98 est.) and $83.16B revenue, supported by higher refinery throughput plus rising Permian and Guyana production and first LNG from Golden Pass Train 1.
• Two LNG trains in Qatar were damaged — repairs could take 3–5 years and affect roughly ~3% of Exxon’s global output, creating near‑term supply uncertainty and weighing on GAAP net income.
• The company declared a quarterly dividend of $1.03 (2.7% yield); the stock traded down modestly and analysts hold a consensus "Moderate Buy" with an average target near $161.55.

ExxonMobil (NYSE:XOM - Get Free Report) issued its quarterly earnings results on Friday. The oil and gas company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.18, Briefing.com reports. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $83.16 billion for the quarter, compared to analysts' expectations of $81.13 billion. During the same period last year, the business earned $1.76 earnings per share. The business's quarterly revenue was up 2.4% on a year-over-year basis.

Here are the key takeaways from ExxonMobil's conference call:

• ExxonMobil reported strong operational resilience and underlying Q1 results — refinery throughput rose ~200,000 b/d in March, Permian and Guyana production increased, and the Energy Products segment delivered materially higher earnings versus last year.
• Two LNG trains in Qatar were damaged and repairs could take 3–5 years per QatarEnergy, representing roughly ~3% of ExxonMobil’s global production and creating uncertainty around near-term supply and asset recovery costs.
• Golden Pass LNG achieved first LNG (Train 1) in March with Train 2 mechanically complete by year-end and Train 3 by Q2 next year, increasing U.S. export capacity (initially ~5% and ~15% when all trains online) while FIDs for PNG and Mozambique remain targeted this year.
• Accounting timing effects from trading (paper vs. physical settlement) created short-term earnings mismatches this quarter, but management says the underlying trading optimization and portfolio deliveries are value-accretive and will unwind over subsequent periods.
• Management emphasized long-term competitive advantages — disciplined capital allocation, tech-led Permian growth to ~1.8 million boe/d in 2026, enterprise systems rollout, and additional CCS capacity (~4 million tpa planned) — supporting durable cash flow and returns.

ExxonMobil Trading Down 0.8%

NYSE:XOM traded down $1.23 during trading hours on Friday, hitting $153.10. The company had a trading volume of 15,451,997 shares, compared to its average volume of 21,799,531. The company has a market capitalization of $636.38 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.29. The stock has a 50-day moving average price of $154.98 and a 200 day moving average price of $134.93. ExxonMobil has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil's payout ratio is 61.58%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 11,460 shares of company stock valued at $1,687,854 in the last quarter. Insiders own 0.03% of the company's stock.

Institutional Trading of ExxonMobil

Several large investors have recently added to or reduced their stakes in XOM. Van ECK Associates Corp boosted its holdings in ExxonMobil by 334.4% in the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company's stock valued at $368,541,000 after acquiring an additional 2,357,467 shares in the last quarter. Amundi boosted its holdings in ExxonMobil by 8.3% in the fourth quarter. Amundi now owns 23,318,770 shares of the oil and gas company's stock valued at $2,806,181,000 after acquiring an additional 1,791,589 shares in the last quarter. AQR Capital Management LLC boosted its holdings in ExxonMobil by 105.4% in the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company's stock valued at $329,797,000 after acquiring an additional 1,501,235 shares in the last quarter. Bank of America Corp DE boosted its holdings in ExxonMobil by 2.0% in the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company's stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares in the last quarter. Finally, Pinebridge Investments LLC purchased a new position in ExxonMobil during the fourth quarter valued at $138,732,000. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 adjusted results beat expectations: Exxon reported adjusted EPS and revenue above Street estimates, driven by higher upstream production and strong commodity prices — a near-term earnings tailwind. Exxon beats first-quarter earnings estimate despite hit from Iran conflict
• Positive Sentiment: Production and project wins support growth: Management highlighted record Guyana output and first LNG production at Golden Pass Train 1, confirming longer‑term volume growth that underpins future cash flow. Chevron, Exxon Earnings Show Resilience, But Oil Stocks Retreat
• Positive Sentiment: Management warns of higher oil prices: CEO Darren Woods said the Iran war hasn’t been fully priced into markets and expects further upside in oil — higher prices would boost Exxon’s margins and cash generation. Exxon Mobil CEO expects higher oil prices due to Iran war
• Neutral Sentiment: Broader market tailwinds: U.S. indices are at record highs on earnings strength, which can support cyclical names like Exxon even when company-specific news is mixed. S&P 500 Marks Fifth Weekly Gain, Reaches New Records on Earnings Strength
• Neutral Sentiment: New offshore work expands long‑cycle pipeline: Exxon awarded/subcontract activity (Angola subsea) supports long‑term upstream growth but has limited immediate EPS impact. Exxon Mobil’s Angola Subsea Deal And What It Means For Long Cycle Growth
• Negative Sentiment: Reported net income dropped sharply (unadjusted profit at a multi‑year low) as Iran‑related shipment disruptions and derivative timing effects hit GAAP results — this likely pressured the stock despite the adjusted beat. Exxon Mobil shares slip after net income falls sharply despite earnings beat
• Negative Sentiment: Geopolitical supply risk could worsen: Management warned the Strait of Hormuz disruption and possible export bans/price caps could further tighten supply and disrupt operations — downside to near‑term volumes and earnings if outages persist. Exxon, Chevron profits take hit from Iran war
• Negative Sentiment: Regulatory/legal and political friction: A lawsuit over orphaned well accounting and public pressure (including criticism for resisting calls to boost domestic output) raise governance and reputational risks that could weigh on the stock. Exxon Mobil Lawsuit Tests Orphaned Well Accounting And ESG Risk Perceptions

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Bank of America increased their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. UBS Group restated a "buy" rating and issued a $171.00 target price on shares of ExxonMobil in a report on Monday, February 2nd. Barclays raised their target price on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Morgan Stanley cut their target price on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Finally, TD Cowen cut their target price on shares of ExxonMobil from $175.00 to $172.00 and set a "buy" rating on the stock in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, ExxonMobil presently has an average rating of "Moderate Buy" and a consensus price target of $161.55.

About ExxonMobil

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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