Exxon Mobil reports Q1 adjusted EPS $1.76, consensus $1.73

Reports Q1 revenue $83.13B, consensus $86.09B. “In this uncertain market, our shareholders can be confident in knowing that we’re built for this. The work we’ve done to transform our company over the past eight years positions us to excel in any environment,” said Darren Woods, chairman and chief executive officer. “In the first quarter, we earned $7.7 billion and generated $13.0 billion in cash flow from operations. Since 2019, the strategic choices we made to reduce costs, grow advantaged volumes, and optimize our operations have strengthened quarterly earnings power by about $4 billion at current prices and margins. This year, we’re starting up 10 advantaged projects that are expected to generate more than $3 billion of earnings in 2026 at constant prices and margins.4 Continuously leveraging our competitive advantage is enabling the company to excel in the current market environment and deliver on our plans through 2030 and far into the future.”