FOR IMMEDIATE RELEASE

Transcript

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   EX-99.1 2 livef8k2q26991.htm NEWS RELEASE

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   ExxonMobil Announces Second-Quarter 2026 Results Advantaged portfolio, integration, and structural savings support earnings and cash flow in volatile market • Reported EPS of $3.48 , or $3.52 adjusted EPS 1 • Highest Upstream production in more than two decades, excluding the Middle East disruptions 2 • Record Permian production , consistent with planned 9% CAGR through 2030, exceeding all competitors 3 • Fifth Guyana FPSO set sail with production startup on plan for 4Q26, increasing capacity by 250 Kbd • Record second-quarter diesel production 4 • Cumulative structural cost savings of $16.3 B, more than all other IOCs combined 5 | | | | | | | Results Summary

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   | Dollars in millions (except per share data)

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   | Earnings Per Common Share (U.S. GAAP) ¹

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   | Adjusted Earnings/(Loss) Per Common Share (non-GAAP) ¹

6. #6Darren Woods · ExxonMobil chairman

   The second quarter was shaped by disruption, but defined by execution,

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   As conditions changed, we moved products where they were needed, optimized assets, and supported customers, leveraging our global integrated portfolio. We delivered strong earnings and cash flow, continued investing in advantaged opportunities, returned cash to shareholders, and strengthened the balance sheet . Importantly, we remain committed to further growing advantaged production to help meet the world's need for reliable energy.

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   1 Earnings per share (EPS) figures assume dilution. 2 Middle East disruptions analysis based on exclusion of Middle East country volumes across all periods. 3 Source: Rystad Energy, Permian production outlook between 2025-2030. 4 Second-quarter diesel record based on current asset basis, leveraging internal data available to 2014. 5 Structural cost savings and planned investments compare IOCs' reported results and outlooks as of July 30, 2026. Shareholder distributions compare IOCs' reported results or Bloomberg consensus as of July 30, 2026.

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   | EARNINGS AND VOLUME SUMMARY BY SEGMENT

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    | Dollars in millions (unless otherwise noted)

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    | | | | | | | | Adjusted Earnings/(Loss) (non-GAAP)

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    | Total Adjusted Earnings/(Loss) (non-GAAP)

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    Year-to-date vs. year-to-date 1 • Upstream earnings improved as strong reliability contributed to the highest production in more than two decades, excluding the Middle East disruptions, partly offset by higher depreciation . 2 • Energy Products earnings strengthened, enabled by structural cost savings and a consistent focus on growing advantaged capacity and optimizing assets and products , partly offset by scheduled maintenance impacts. • Chemical Products earnings improved on North American feed advantage and performance chemical margins; s tructural cost savings more than offset higher expenses and unfavorable forex. • Specialty Products earnings increased with higher basestock margins and growth in high-value products, despite the Middle East disruptions. Sequential quarter 1 • Upstream earnings improved, with r ecord Permian production of more than 1.8 Moebd and the absence of operational disruptions in Kazakhstan , partly offset by the Middle East disruptions. • Energy Products earnings increased on s trong U.S. Gulf Coast utilization and record diesel production , partly offset by scheduled maintenance impacts . 3 • Chemical Products earnings improved on North…

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    ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Cen tral Time on July 31, 2026 . To listen to the event or access an archived replay, please visit www.exxonmobil.com .

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    Cautionary Statement Statements related to future events; projections; descriptions of strategic, operating, and financial plans and objectives; statements of future ambitions, future earnings power, potential addressable markets, or plans; and other statements of future events or conditions in this release are forward-looking statements. Similarly, discussion of future carbon capture, transportation and storage, as well as lower-emission fuels, hydrogen and ammonia, lithium, direct air capture, Proxxima TM resin systems, carbon materials, low-carbon data centers, and other low carbon and new business plans to reduce emissions of ExxonMobil, its affiliates, and third parties, are dependent on future market factors, such as continued technological progress, stable policy support and timely rule-making and permitting, and represent forward-looking statements. Actual future results, including financial and operating performance; potential earnings, cash flow, or rate of return; total cash capital expenditures and mix, including allocations of capital to low carbon and other new investments; realization and maintenance of structural cost reductions and efficiency gains, incl…

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    insights from the corporate planning process, and alignment with our partners and other stakeholders. Capital investment guidance in lower-emission investments is based on our corporate plan; however, actual investment levels will be subject to the availability of the opportunity set and public policy support, and focused on returns.

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    Frequently Used Terms and non-GAAP Measures Adjusted Earnings/(Loss) (non-GAAP) and Adjusted Earnings/(Loss) Per Common Share (non-GAAP) • Earnings/(loss) excluding individually significant non-operational events and estimated timing effects, both favorable and unfavorable. Identified items typically contribute to an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings/ (loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. Adjusted Earnings/(Loss) does include non-operational earnings events or impacts that are generally below the $250 million threshold utilized for identified items. When the effect of these events is significant in aggregate, it is indicated in analysis of period results as part of quarterly earnings press release and teleconference materials. Estimated timing effects excluded from Adjusted Earnings/(Loss) are primarily related to unsettled derivatives which are required to be marked to current period-end prices (mark-to-market), where the associated physical shipments are not reflected in earnings until the phys…

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    production excluding divestments, entitlements, and government mandates to actual production is contained in the Supplement to this release include d as Exhibit 99.2 to the Form 8-K filed the same day as this news release. Compound annual growth rate (CAGR) • Represents the consistent rate at which an investment or business result would have grown had the investment or business result compounded at the same rate each year. When applied to forecasted results, it represents the forecasted rate an investment or business result is expected to grow given the investment or business result compound at the same rate each year as calculated at the end of the forecasted period. Advantaged projects • Capital projects and programs of work that contribute to Energy, Chemical, and/or Specialty Products segments that drive integration of segments/businesses, increase yield of higher value products, or deliver higher-than-average returns. Performance products (performance chemicals, performance lubricants) • Refers to products that provide differentiated performance for multiple applications through enhanced properties versus commodity alternatives and bring significant additional valu…

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    Reference to Earnings References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty Products and Corporate and Financing earnings, and earnings per share are ExxonMobil’s share after excluding amounts attributable to noncontrolling interests. ExxonMobil Holdings Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as Corporation, company, our, we, and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words such as venture, joint venture, partnership, co-venturer, and partner are used to indicate business and other relationships involving common activities and interests, and those words may not indicate precise legal relationships. ExxonMobil's ambitions, plans and goals do not guarantee any action or fu…

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    | CASH FLOW FROM OPERATIONS EXCLUDING WORKING CAPITAL

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    | Dollars in millions (unless otherwise noted)

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    | Net income/(loss) including noncontrolling interests

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    | Depreciation and depletion (includes impairments)

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    | Changes in operational working capital, excluding cash and debt

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    | Cash Flow from Operating Activities (U.S. GAAP)

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    | Less: Changes in operational working capital, excluding cash and debt

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    | Cash Flow from Operations excluding Working Capital (non-GAAP)

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    | Dollars in millions (unless otherwise noted)

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    | Cash Flow from Operating Activities (U.S. GAAP)

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    | Additions to property, plant, and equipment