Will Exxon Mobil beat Wall Street's earnings estimate when it reports on Friday, July 31?
100% of users predicted YES — the community missed this one. 2 predictions cast.
Exxon Mobil missed Wall Street's earnings-per-share estimate when it reported second-quarter results on Friday, July 31, 2026, resolving this question no. The company posted adjusted earnings of $3.52 per share, below the Zacks consensus estimate of $3.68, an earnings surprise of roughly -4.4%, though still well above the $1.64 per share Exxon earned a year earlier. Total adjusted earnings for the quarter reached $14.7 billion, up sharply from $8.8 billion in the first quarter.
The EPS miss came even as revenue of $116.02 billion topped consensus expectations by more than 21%, driven by strong market prices for gasoline, diesel, and jet fuel. Planned maintenance work at several of Exxon's refineries limited the company's ability to fully capitalize on those favorable prices, weighing on the bottom line despite the robust top-line performance. The mixed result, a revenue beat paired with an earnings miss, reflected operational trade-offs oil majors faced during a quarter of elevated fuel demand but constrained refining capacity. The community was fully confident in an earnings beat, making this one of the more unexpected results of the week.