At the time of writing, WTI crude rose 5.83% to $74.55 a barrel, and Brent gained 5.68% to $78.37.Strong Commodity PricesExxonMobil expects stronger commodity prices to significantly boost its second-quarter upstream earnings compared with the first quarter.Higher liquids prices are projected to increase upstream results by $3.5 billion-$3.9 billion.Meanwhile, changes in natural gas prices are expected to have an impact of about $(0.2) billion-$0.2 billion in the second quarter.Also, higher margins in its Chemical Products segment are anticipated to increase second-quarter earnings by $1.0 billion-$1.2 billion versus the prior quarter.However, ExxonMobil expects war-related disruptions on volumes to impact upstream earnings by $(0.8) – $(0.6) billion and Energy Products earnings by $(0.4) – $(0.2) billion in the second quarter.ExxonMobil Earnings Preview: What Analysts ExpectLooking further out, the next major catalyst for the stock arrives with the July 31, 2026 (estimated) earnings report.
EPS Estimate: $3.76 (Up from $1.64 YoY)
Revenue Estimate: $101.00 Billion (Up from $81.51 Billion YoY)
Valuation: P/E of 23.9x (Suggests fair valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $170.88. Recent analyst moves include:
