ExxonMobil (XOM) Set to Announce Quarterly Earnings on Friday

ExxonMobil (NYSE:XOM) is expected to issue its Q3 2026 results before the market opens on Friday, October 30th. Analysts expect ExxonMobil to post earnings of $4.12 per share and revenue of $105.43 billion for the quarter. Investors can find conference call details on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Friday, October 30, 2026 at 9:30 AM ET.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the company earned $1.64 EPS. On average, analysts expect ExxonMobil to post $13.61 EPS for the current fiscal year and $13.16 EPS for the next fiscal year.

ExxonMobil Trading Up 1.1%

XOM stock opened at $181.91 on Thursday. ExxonMobil has a 1-year low of $112.51 and a 1-year high of $184.88. The firm has a market cap of $754.03 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.92 and a beta of 0.21. The business’s 50 day moving average is $166.99 and its 200-day moving average is $153.74. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler raised their target price on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. HSBC reiterated a “hold” rating and issued a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. Argus increased their price objective on ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Finally, Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $167.70.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices are lifting Big Oil profits. The Iran conflict has contributed to elevated crude prices, helping ExxonMobil and other integrated producers expand earnings. XOM has risen about 18% since February, while analysts expect the favorable commodity backdrop to support its third-quarter results. A Freaking Fortune: How the Iran War Rescued Big Oil’s Bottom Line
• Positive Sentiment: Expectations are building ahead of the October 30 earnings report. Higher crude prices and stronger refining margins have led several analysts to forecast that ExxonMobil could exceed third-quarter earnings estimates. Options activity also points to potential post-earnings strength. Ahead of ExxonMobil Earnings
• Positive Sentiment: ExxonMobil avoided a potentially significant liability in Kazakhstan. A tribunal dismissed Kazakhstan’s approximately $12 billion Kashagan arbitration claim, removing the immediate risk of a large award against ExxonMobil and its partners. ExxonMobil Wins Dismissal of Kazakhstan’s Kashagan Claim
• Positive Sentiment: Production and supply-chain developments remain supportive. ExxonMobil and Citgo acquired Venezuelan crude for U.S. refining, while recent Guyana discoveries and production growth add to long-term cash-flow potential. State Street’s energy ETF also purchased an additional $26.1 million of XOM, signaling continued institutional demand. Exxon Mobil and Citgo Acquire Venezuelan Crude

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.