ExxonMobil Q2 2026: Net Income Hits $14.5B, Redomiciliation Finalized, Louisiana Settlement Reached
XOM sits 46% above its 52-week low of $105.525.
Summary
ExxonMobil posted Q2 2026 net income of $14.5 billion, up from $7.1 billion a year ago, fueled by higher oil prices and Permian growth. The filing also details the completed redomiciliation and a Louisiana coastal settlement.
Key Events · Earnings and Guidance · XOM
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Q2 Net Income More Than Doubles
Net income attributable to ExxonMobil reached $14.5 billion ($3.48/share), compared with $7.1 billion ($1.64/share) in Q2 2025, driven by higher crude realizations and advantaged volume growth.
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Cash Flow and Shareholder Returns
Cash flow from operations and asset sales totaled $24.0 billion in Q2. During the first half of 2026, the company repurchased $10.0 billion of stock and paid $8.6 billion in dividends.
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Redomiciliation Completed
On July 1, 2026, ExxonMobil completed its redomiciliation from New Jersey to Texas, with ExxonMobil Holdings Corporation becoming the new publicly traded parent.
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Louisiana Coastal Settlement
Effective July 31, 2026, ExxonMobil settled all Louisiana coastal erosion claims. The settlement is not material, and immaterial earnings impacts are expected in Q3.
Analysis · XOM · Energy & Transportation
Driven by higher crude realizations and record Permian output, ExxonMobil's Q2 2026 net income more than doubled year-over-year to $14.5 billion. The 10-Q also confirms the July 1 redomiciliation to Texas and a non-material settlement of Louisiana coastal lawsuits. While the earnings were pre-announced, the full financials and new disclosures offer a comprehensive look at the company's robust cash generation and balance sheet.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, XOM was trading at $154.55 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $640.5B. The 52-week trading range was $105.53 to $176.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.