ExxonMobil flags Middle East and liquids effects in 2Q26 earnings preview

ExxonMobil's July 7 earnings considerations filing gave ranges for the market and operational effects on second-quarter 2026 results. Higher liquids prices and refining margins were the biggest positives, while Middle East volume disruptions weighed on upstream and Energy Products. The filing states it is not an earnings estimate.

• Upstream liquids prices: +$3.5 billion to +$3.9 billion
• Energy Products margins: +$2.0 billion to +$2.4 billion
• Chemical Products margins: +$1.0 billion to +$1.2 billion; Specialty Products margins: +$0.3 billion to +$0.5 billion
• Middle East volume disruptions: upstream (0.8) to (0.6) billion