ExxonMobil's second-quarter 2026 adjusted earnings fell slightly short of expectations. Earnings and cash flow significantly improved as timing effects from mark-to-market derivative requirements unwound during the quarter. Shareholders' return guidance was unchanged.
Exxon responded to shareholder concerns by hiring outside managers in key roles, appointing new board members, and increasing disclosures.
Exxon's increased spending to grow volumes risks resulting in lower returns as it did previously. The timing could be off, given the current global oversupply and soft demand. Lower oil prices would result in lower-than-expected earnings.
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Metric
|
XOM
|
TTE
|
BP
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.62 | 10.36 | 8.73 |
Price/Book Value | 2.56 | 1.50 | 1.89 |
Price/Sales | 1.89 | 0.99 | 0.52 |
Price/Cash Flow | 10.26 | 5.90 | 2.81 |
|
Metric
|
XOM
|
TTE
|
BP
|
|---|---|---|---|
Quick Ratio | 0.74 | 0.53 | 0.77 |
Current Ratio | 1.04 | 1.06 | 1.27 |
Interest Coverage | 59.52 | 11.79 | 4.12 |
|
Metric
|
XOM
|
TTE
|
BP
|
|---|---|---|---|
Return on Assets (Normalized) | 8.50% | 6.40% | 4.40% |
Return on Equity (Normalized) | 14.95% | 16.09% | 22.25% |
Return on Invested Capital (Normalized) | 12.72% | 10.98% | 10.42% |
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1-Day Chart
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Name
|
Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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United States