Net income dropped to $4.2 billion, but adjusted earnings of $1.16 per share topped the $1.00 consensus forecast

Most producers are keeping growth limited despite higher oil prices and market uncertainty.

Oil major Exxon Mobil Corp. has reported first-quarter 2026 earnings of $4.2 billion, as its global operations defied regional crises.

Is XOM a good stock to buy? We came across a bullish thesis on Exxon Mobil Corporation on Trevor Young’s Substack. In this article, we will summarize the bulls’ thesis on XOM.

ExxonMobil reports a 15% output hit due to the Strait of Hormuz closure. Crude oil prices hitting $90 by June at 100% YES.

Here's what investors should make of Exxon's stock price dropping more than 10% from its 52-week high.

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Exxon Mobil reported a mixed performance for the first quarter of 2026. While the company's revenue exceeded expectations, its adjusted earnings per share were below forecasts. This shortfall was primarily attributed to substantial one-off charges and timing issues related to derivatives.

Even if oil stays expensive, that doesn't mean ExxonMobil is the best play.