https://www.reuters.com/business/energy/exxonmobil-signals-lower-third-quarter-earnings-2026-10-16/
6 replies (most recent on top)
At least out bonus checks will be nice
PIP firing good employees that helped build this success while raking in billions.
Hiring curries for 1/10 salaries to exploit third world people unfamiliar with indoor plumbing.
Wrecking careers, families, reputation…
EM Execs are purely evil.
Wild all the hate for downstream employees on this forum too, that's a pretty decent increase in refining
ExxonMobil Q3 2026 Earnings Estimate
Analysts expect ExxonMobil to report Q3 2026 earnings of about $3.99 per share on $117.48 billion in revenue, with a preliminary company filing pointing to EPS near $4.10
Consensus and Analyst Outlook
Consensus EPS: $3.99
Consensus revenue: $117.48 billion
Prior-year EPS: $1.88 (Q3 2025)
Expected EPS growth: +112% YoY
Expected revenue growth: +41% YoY
MarketBeat and other sources list the consensus at $3.99, though Goldman Sachs’ Neil Mehta noted the company’s filing implied EPS around $4.10, above FactSet’s $3.87 consensus but below Goldman’s $4.33 estimate
Preliminary Company Guidance
In its October 16 SEC filing, ExxonMobil highlighted:
$4.5 billion lift from higher refining margins in Energy Products
$1.3 billion drag from lower liquids prices in upstream
$0.3 billion gain from higher natural gas prices
Other factors: $0.2 billion benefit from less scheduled maintenance, $0.6 billion drag from outside operational disruptions, $0.3 billion lift from more days in Q3, and $0.9 billion reduction in production from contract entitlements and sales timing
No volume losses tied to Middle East events
Goldman Sachs’ analysis of the filing suggested EPS near $4.10, with the company’s full results due October 30, 2026 before market open
Key Takeaways
EPS range: Consensus $3.99; company’s preliminary signal ~$4.10; Goldman’s $4.33 target
Revenue: ~$117.5 billion, up ~41% YoY
Main drivers: Strong refining margins (+$4.5 billion) offset by lower oil prices (–$1.3 billion) and other headwinds
Report date: Oct. 30, 2026, 9:30 AM ET call
Investors should watch for the full Q3 results and management’s commentary on refining performance, commodity price trends, and operational impacts in the upcoming release.
@a1 Curious about upstream asset divestment. Not many left after the post 2019 purge
Here are more details from Exxon's earnings preview:
Upstream earnings could take a $1.3 billion hit compared with the second quarter. The average closing Brent benchmark price declined about 5.6% during the third quarter compared with the previous three months, according to LSEG data.
Exxon indicated that there were no volume-related disruptions during the quarter stemming from the Iran war.
The company's move to divest some upstream assets will boost earnings by $700 million.
Exxon will release full third-quarter results on October 30.
Exxon shares were up less than 1% in pre-market trading.