Archive · 31 Jul 2026
Exxon Mobil Q2 Profit Doubles Amid Rising Oil Prices
Exxon Mobil made a lot of money in the second quarter of 2026, earning $14.5 billion, which is more than double what it made the year before.
The company sold oil at higher prices because of a conflict between the US and Iran.
It also produced more oil and diesel than ever before.
The CEO said the company worked well even when markets were tough.
Exxon will pay a dividend of $1.03 per share to its shareholders and plans to spend $13 billion on new projects in 2026.
Exxon Mobil’s Q2 net profit jumped 105% YoY to $14.53 billion.
Revenue rose 42% to $116.02 billion, driven by higher crude prices.
Company achieved record upstream production, Permian Basin output, and diesel output.
CEO Darren Woods highlighted execution and portfolio strength amid market disruption.
Dividend of $1.03 per share declared; $13 billion capex planned for 2026.
- Who
- Exxon Mobil and CEO Darren Woods
- What
- Q2 2026 earnings, record production, dividend declaration
- When
- Second quarter of 2026
- Where
- Exxon Mobil’s global operations
- Why
- Higher crude prices driven by US‑Iran conflict
- Net profit Q2 2026
- $14.53 billion
- Revenue Q2 2026
- $116.02 billion
- Dividend per share
- $1.03
- Capex 2026
- $13 billion
- Oil price increase
- $68 to $115 per barrel