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ExxonMobil Projects Third-Quarter Market Drivers as Margin Gains Offset Lower Liquid Prices

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XOM$174.68 −1.32%

ExxonMobil Holdings Corporation (XOM) outlined its financial expectations for the third quarter of 2026, pointing to a mix of market headwinds and operating gains compared to the second quarter. Lower liquids prices are estimated to reduce earnings by $1.3 billion, while natural gas prices are expected to add $0.3 billion.

Stronger margins across business segments are providing a significant offset, projected to boost third-quarter results by approximately $4.4 billion compared to the prior quarter. Additional operational factors include a $0.3 billion net gain from day effects, offset by $0.9 billion in timing and other charges, alongside $0.6 billion in external operational impacts. In the second quarter of 2026, the company reported $14.5 billion in GAAP earnings and $14.7 billion in adjusted earnings.

Investors will get the complete financial picture when ExxonMobil posts its full third-quarter 2026 results on October 30, 2026, at approximately 5:30 a.m. CT. Shares of ExxonMobil were down 1.32% at $174.70.

Key points

  • ExxonMobil expects third-quarter 2026 margin improvements across segments to contribute roughly $4.4 billion compared to the second quarter.
  • Lower liquids prices are projected to reduce third-quarter results by $1.3 billion, while higher natural gas prices should add $0.3 billion.
  • Timing and other impacts are estimated at -$0.9 billion, alongside -$0.6 billion from external operational factors and +$0.3 billion from day effects.
  • In the second quarter of 2026, ExxonMobil generated $14.5 billion in GAAP earnings and $14.7 billion in adjusted earnings.
  • The company will release its full third-quarter 2026 financial results on October 30, 2026, at around 5:30 a.m. CT.

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Questions and answers

How will liquids prices affect ExxonMobil third-quarter 2026 earnings?

ExxonMobil estimates that lower liquids prices will result in a $1.3 billion negative impact on third-quarter 2026 results compared to the second quarter.

What total margin gain does ExxonMobil expect in 3Q 2026?

ExxonMobil expects margin improvements across its segments to add approximately $4.4 billion to third-quarter 2026 earnings compared to the previous quarter.

When will ExxonMobil report its full third-quarter 2026 earnings?

ExxonMobil plans to publish its full third-quarter 2026 results and file its Form 8-K on October 30, 2026, at approximately 5:30 a.m. CT.