HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2026, Words: 202) — ExxonMobil Holdings Corporation reported second quarter 2026 (2Q:26) earnings of $14.5bn and adjusted earnings of $14.7bn. Cash flow from operating activities was $23.6bn and free cash flow (FCF) was $17.2bn.
Other highlights from the 2Q:26 follow:
— Exxon generated $23.6bn of cash flow from operations, bringing the year-to-date level to $32.3bn. FCF $17.2bn for the quarter and $19.9bn year to date;
— Permian operations reached record production of over 1.8 million oil-equivalent barrels per day (MMboe/d). Year versus year, Permian production growth outpaced every IOC and large independent. “Technology is improving recovery and capital efficiency and will contribute to a ~9% production CAGR from 2025 through 2030,” Exxon said in its 2Q:26 financial and operations press release;
— the fifth Guyana FPSO set sail in Jun. 2026, with production start up on track for the 4Q:26. Once online, it will increase production capacity by 250,000 barrels per day (b/d);
— the Middle East volume disruptions reduced year-to-date earnings by $1.8bn; and
— structural cost savings contributed $1.2bn year-to-date and brought cumulative savings since 2019 to $16.3bn, more than all other IOCs combined.
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By Pietro D. Pitts reporting from Houston. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
