Open the filing on EDGAREXHIBIT 99.12Q 2026 Earnings ReleaseFOR IMMEDIATE RELEASEJuly 31, 2026 EARNINGS AND VOLUME SUMMARY BY SEGMENT2Q261Q26Dollars in millions (unless otherwise noted)YTD 2026YTD 2025Earnings/(Loss) (U.S. GAAP)7,9275,737Upstream13,66412,1585,465(1,262)Energy Products4,2032,1931,131110Chemical Products1,241566956651Specialty Products1,6071,435(954)(1,053)Corporate and Financing(2,007)(1,557)14,5254,183Total Earnings/(Loss) (U.S. GAAP)18,70814,795Adjusted Earnings/(Loss) (non-GAAP)9,1896,265Upstream15,45411,8804,0992,799Energy Products6,8982,2311,214110Chemical Products1,324566969651Specialty Products1,6201,435(791)(1,053)Corporate and Financing(1,844)(1,557)14,6808,772Total Adjusted Earnings/(Loss) (non-GAAP)23,45214,555Volumes4,5144,594Production (koebd)4,5544,5915,6985,630Energy Products Sales (kbd)5,6645,4364,4715,358Chemical Products Sales (kt)9,82910,0401,7841,976Specialty Products Sales (kt)3,7603,940 ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time insights from the corporate planning process, and alignment with our partners and other stakeholders. Capital investment production excluding divestments, entitlements, and government mandates to actual production is contained in the Supplement CASH FLOW FROM OPERATIONS EXCLUDING WORKING CAPITAL2Q261Q26Dollars in millions (unless otherwise noted)YTD 2026YTD 202514,8814,472Net income/(loss) including noncontrolling interests19,35315,3878,6896,771Depreciation and depletion (includes impairments)15,46011,803(2,099)(1,758)Changes in operational working capital, excluding cash and debt(3,857)(4,848)2,084(780)Other1,3042,16123,5558,705Cash Flow from Operating Activities (U.S. GAAP)32,26024,5032,0991,758Less: Changes in operational working capital, excluding cash and debt3,8574,84825,65410,463Cash Flow from Operations excluding Working Capital (non-GAAP)36,11729,351 CASH CAPITAL EXPENDITURES2Q261Q26Dollars in millions (unless otherwise noted)YTD 2026YTD 20256,5276,470Additions to property, plant, and equipment12,99712,181324387Additional investments and advances711472(102)(632)Other investing activities including collection of advances(734)(339) - - Inflows from noncontrolling interests for major projects - (45)38(38)Less: Advances and collections not related to capital expenditures or equity investments - 2706,7876,187Total Cash Capital Expenditures (non-GAAP)12,97412,5392Q261Q26Dollars in millions (unless otherwise noted)YTD 2026YTD 2025Upstream3,4233,449United States6,8726,3902,4291,363Non-U.S.3,7924,2725,8524,812Total10,66410,662Energy Products331828United States1,159281196170Non-U.S.366529527998Total1,525810Chemical Products263156United States4193254426Non-U.S.70245307182Total489570Specialty Products1835United States5395(7)20Non-U.S.131121155Total66207Other90140Other2302906,7876,187Worldwide12,97412,539 CALCULATION OF STRUCTURAL COST SAVINGSDollars in billions (unless otherwise noted)Twelve Months Ended December 31,Six Months Ended June 30,2019202520252026Components of Operating CostsFrom ExxonMobil’s Consolidated Statement of Income(U.S. GAAP)Production and manufacturing expenses36.842.420.222.9Selling, general and administrative expenses11.411.15.15.2Depreciation and depletion (includes impairments)19.026.011.815.5Exploration expenses, including dry holes1.31.00.30.3Non-service pension and postretirement benefit expense1.20.40.20.1Subtotal69.781.037.643.9ExxonMobil’s share of equity company expenses (non-GAAP)9.110.65.24.3Total Adjusted Operating Costs (non-GAAP)78.891.642.848.2Total Adjusted Operating Costs (non-GAAP)78.891.642.848.2Less:Depreciation and depletion (includes impairments)19.026.011.815.5Non-service pension and postretirement benefit expense1.20.40.20.1Other adjustments (includes equity company depreciation and depletion)3.66.22.44.2Total Cash Operating Expenses (Cash Opex) (non-GAAP)55.059.028.428.5Energy and production taxes (non-GAAP)11.014.97.66.6Total Cash Operating Expenses (Cash Opex) excluding Energy and Production Taxes (non-GAAP)44.044.120.821.9Changevs 2019Changevs 2025Estimated Cumulative vs 2019Total Cash Operating Expenses (Cash Opex) excluding Energy and Production Taxes (non-GAAP)+0.1+1.1Market+4.9+0.9Activity/ Other+10.3+1.4Structural Cost Savings-15.1-1.2-16.3 KEY FIGURES: ADJUSTING ITEMS2Q261Q26Dollars in millions (unless otherwise noted)YTD 2026YTD 202514,5254,183Earnings/(Loss) (U.S. GAAP)18,70814,795Identified Items(1,079) - Impairments(1,079) - (1,559)(706)Other ¹(2,265) - (2,638)(706)Total Identified Items(3,344) - 2,483(3,883)Estimated Timing Effects (1,400)24014,6808,772Adjusted Earnings/(Loss) (non-GAAP) 23,45214,5552Q26 Other Identified Items includes $1,365 million in additions to financial reserves and $194 million in Middle East impacts; 1Q26 includes $706 million in Middle East impacts.ADJUSTING ITEMS PER COMMON SHARE2Q261Q26Dollars per common shareYTD 2026YTD 20253.481.00Earnings/(Loss) Per Common Share (U.S. GAAP) ¹4.473.40Identified Items Per Common Share ¹(0.26) - Impairments(0.26) - (0.37)(0.16)Other (0.54) - (0.63)(0.16)Total Identified Items Per Common Share ¹(0.80) - 0.59(0.92)Estimated Timing Effects Per Common Share ¹(0.33)0.063.522.09Adjusted Earnings/(Loss) Per Common Share (non-GAAP) ¹5.603.35¹ Assuming dilution. KEY FIGURES: ADJUSTING ITEMS BY SEGMENTSecond Quarter 2026UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporate & FinancingTotalDollars in millions (unless otherwise noted)U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.Earnings/(Loss) (U.S. GAAP)1,9206,0072,9872,478599532287669(954)14,525Identified ItemsImpairments - - - (884)(48) - - - (147)(1,079)Other ¹(1,183)(16)(49)(247)(6)(29)(2)(11)(16)(1,559)Total Identified Items(1,183)(16)(49)(1,131)(54)(29)(2)(11)(163)(2,638)Estimated Timing Effects (Worldwide)(63)2,546 - - - 2,483Adjusted Earnings/(Loss) (non-GAAP)9,1894,0991,214969(791)14,680¹ 2Q26 Other Identified Items includes $1,365 million in additions to financial reserves and $194 million in Middle East impacts on July 31, 2026. To listen to the event or access an archived replay, please visit www.exxonmobil.com. guidance in lower-emission investments is based on our corporate plan; however, actual investment levels will be subject to the to this release included as Exhibit 99.2 to the Form 8-K filed the same day as this news release. availability of the opportunity set and public policy support, and focused on returns. Compound annual growth rate (CAGR) • Represents the consistent rate at which an investment or business result would Cautionary Statement have grown had the investment or business result compounded at the same rate each year. When applied to forecasted results, Frequently Used Terms and non-GAAP Measures Statements related to future events; projections; descriptions of strategic, operating, and financial plans and objectives; it represents the forecasted rate an investment or business result is expected to grow given the investment or business result Adjusted Earnings/(Loss) (non-GAAP) and Adjusted Earnings/(Loss) Per Common Share (non-GAAP) • Earnings/(loss) statements of future ambitions, future earnings power, potential addressable markets, or plans; and other statements of future compound at the same rate each year as calculated at the end of the forecasted period. excluding individually significant non-operational events and estimated timing effects, both favorable and unfavorable. Identified events or conditions in this release are forward-looking statements. Similarly, discussion of future carbon capture, transportation Advantaged projects • Capital projects and programs of work that contribute to Energy, Chemical, and/or Specialty Products items typically contribute to an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings/ and storage, as well as lower-emission fuels, hydrogen and ammonia, lithium, direct air capture, ProxximaTM resin systems, ExxonMobil Announces Second-Quarter 2026 Results segments that drive integration of segments/businesses, increase yield of higher value products, or deliver higher-than-average (loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several carbon materials, low-carbon data centers, and other low carbon and new business plans to reduce emissions of ExxonMobil, returns. periods or several segments. Adjusted Earnings/(Loss) does include non-operational earnings events or impacts that are its affiliates, and third parties, are dependent on future market factors, such as continued technological progress, stable policy Advantaged portfolio, integration, and structural savings support earnings and cash flow in volatile market Performance products (performance chemicals, performance lubricants) • Refers to products that provide differentiated generally below the $250 million threshold utilized for identified items. When the effect of these events is significant in support and timely rule-making and permitting, and represent forward-looking statements. Actual future results, including
- Reported EPS of $3.48, or $3.52 adjusted EPS performance for multiple applications through enhanced properties versus commodity alternatives and bring significant aggregate, it is indicated in analysis of period results as part of quarterly earnings press release and teleconference materials. financial and operating performance; potential earnings, cash flow, or rate of return; total cash capital expenditures and mix, additional value to customers and end-users. Estimated timing effects excluded from Adjusted Earnings/(Loss) are primarily related to unsettled derivatives which are including allocations of capital to low carbon and other new investments; realization and maintenance of structural cost •Highest Upstream production in more than two decades, excluding the Middle East disruptions required to be marked to current period-end prices (mark-to-market), where the associated physical shipments are not reflected High-value products • Includes performance products and lower-emissions fuels. reductions and efficiency gains, including the ability to offset inflationary pressure; plans to reduce future emissions and
- Record Permian production, consistent with planned 9% CAGR through 2030, exceeding all competitors in earnings until the physical transaction is complete. Estimated timing effects also include estimated recognition differences Project • The term “project” can refer to a variety of different activities and does not necessarily have the same meaning as in emissions intensity; ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, to reach Scope 1 and 2 between the settlement of derivatives and their offsetting physical commodity realizations (due to LIFO inventory accounting). •Fifth Guyana FPSO set sail with production startup on plan for 4Q26, increasing capacity by 250 Kbd any government payment transparency reports. Projects or plans may not reflect investment decisions made by ExxonMobil or net zero in integrated Upstream Permian Basin unconventional operated assets by 2035, to eliminate routine flaring in-line with Impacts are expected to unwind in subsequent periods. Management uses these figures to improve comparability of the its affiliates. Individual opportunities may advance based on a number of factors, including availability of stable and supportive World Bank Zero Routine Flaring, to reach near-zero methane emissions from operated assets and other methane initiatives,
- Record second-quarter diesel production underlying business across multiple periods by isolating and removing significant non-operational events from business results. and to meet ExxonMobil’s emission reduction goals and plans, divestment and start-up plans, and associated project plans as policy, permitting, technological advancement for cost-effective abatement, insights from the company planning process, and FREE CASH FLOW2Q261Q26Dollars in millions (unless otherwise noted)YTD 2026YTD 202523,5558,705Cash Flow from Operating Activities (U.S. GAAP)32,26024,503(6,527)(6,470)Additions to property, plant, and equipment(12,997)(12,181)(324)(387)Additional investments and advances(711)(472)102632Other investing activities including collection of advances734339430219Proceeds from asset sales and returns of investments6491,999 - - Inflows from noncontrolling interest for major projects - 4517,2362,699Free Cash Flow (non-GAAP)19,93514,233 The Corporation believes these views provide investors increased transparency into business results and trends and provide •Cumulative structural cost savings of $16.3B, more than all other IOCs combined alignment with our partners and other stakeholders. We may refer to these opportunities as projects in external disclosures at well as technology advances, including the timing and outcome of projects to capture, transport, and store CO2, produce investors with a view of the business as seen through the eyes of management. Adjusted Earnings/(Loss) are not meant to be hydrogen and ammonia, produce lower-emission fuels, produce lithium, produce ProxximaTM resin systems, produce carbon various stages throughout their progression.. Results Summary2Q261Q26Changevs1Q26Dollars in millions (except per share data)YTD 2026YTD 2025Changevs YTD202514,5254,183+10,342Earnings (U.S. GAAP)18,70814,795+3,91314,6808,772+5,908Adjusted Earnings/(Loss) (non-GAAP)23,45214,555+8,8973.481.00+2.48Earnings Per Common Share (U.S. GAAP) ¹4.473.40+1.073.522.09+1.43Adjusted Earnings/(Loss) Per Common Share (non-GAAP) ¹5.603.35+2.25 viewed in isolation or as a substitute for net income/(loss) attributable to ExxonMobil as prepared in accordance with U.S. materials, and use plastic waste as feedstock for advanced recycling; cash flow, dividends and shareholder returns, including IOCs • Unless stated otherwise, IOCs include each of BP, Chevron, Shell, and TotalEnergies. GAAP. A reconciliation to each of corporate earnings and segment earnings are shown for 2025 and 2026 periods on page 10. First Quarter 2026UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporate & FinancingTotalDollars in millions (unless otherwise noted)U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.Earnings/(Loss) (U.S. GAAP)1,5744,163661(1,923)319(209)274377(1,053)4,183Identified ItemsOther ¹ - - - (706) - - - - - (706)Total Identified Items - - - (706) - - - - - (706)Estimated Timing Effects (Worldwide)(528)(3,355) - - - (3,883)Adjusted Earnings/(Loss) (non-GAAP)6,2652,799110651(1,053)8,772¹ 1Q26 Other Identified Items includes $706 million in Middle East impacts. the timing and amounts of share repurchases; future debt levels and credit ratings; business and project plans, timing, costs, Shareholder distributions • The Corporation's distributions of cash to shareholders in the form of both dividends and share Adjusted Earnings/(Loss) and Adjusted Earnings/(Loss) per share amounts are shown on page 1 and on page 9, including a capacities and returns; resource recoveries and production rates; maintenance and turnaround activity; drilling and improvement purchases. Shares are acquired to reduce shares outstanding and to offset shares or units settled in shares issued in reconciliation to earnings/(loss) per common share - assuming dilution (U.S. GAAP). programs; product sales levels and mix; and planned Pioneer and Denbury integrated benefits, could differ materially due to a conjunction with company benefit plans and programs. For the purposes of calculating distributions to shareholders, the Cash flow from operations excluding working capital (non-GAAP) • Net cash provided by operating activities less changes number of factors. These include global or regional changes or imbalances in the supply and demand for oil, natural gas, Corporation includes only the cost of those shares acquired to reduce shares outstanding. in operational working capital, excluding cash and debt. This measure is useful when evaluating cash available for investment in petrochemicals, and feedstocks and other market factors, economic conditions and seasonal fluctuations that impact prices, Unless otherwise indicated, year-to-date (“YTD”) means as of the last business day of the most recent fiscal quarter. the business and financing activities as operational working capital, excluding cash and debt can vary quarter-to-quarter due to differentials, margins, and volume/mix for our products; changes in any part of the world in laws, taxes, or regulations including volatility and changing needs of the corporation. Cash flow from operations excluding working capital is not meant to be viewed extraterritorial environmental and tax regulations, trade sanctions, and timely granting of governmental permits, licenses, and Reference to Earnings certifications; developments or changes in government policies supporting lower carbon and new market investment in isolation or as a substitute for net cash provided by operating activities. A reconciliation to net cash provided by operating References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income opportunities or policies limiting the attractiveness of future investment such as the additional European taxes on the energy activities for the 2025 and 2026 periods is shown on page 6. statement. Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty sector and unequal support for different methods of emissions reduction; variable impacts of trading activities and derivative Products and Corporate and Financing earnings, and earnings per share are ExxonMobil’s share after excluding amounts Free cash flow (non-GAAP) • Sum of net cash provided by operating activities, net cash flow used in investing activities positions, including timing effects, on our margins and results each quarter; changes in interest and exchange rates; actions of attributable to noncontrolling interests. excluding cash acquired from mergers and acquisitions, and inflows from noncontrolling interests for major projects from SPRING, Texas - July 31, 2026 - ExxonMobil Holdings Corporation today announced second-quarter 2026 co-venturers or partners, competitors and commercial counterparties, including suppliers and customers; the outcome of financing activities. This measure is useful when evaluating cash available for financing activities, including shareholder ExxonMobil Holdings Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and earnings of $14.5 billion, or $3.48 per share. Adjusted earnings were $14.7 billion, or $3.52 per share. Cash flow commercial negotiations, including final agreed terms and conditions; the ability to access debt markets; the ultimate impacts of distributions, after investment in the business. Free cash flow is not meant to be viewed in isolation or as a substitute for net XTO. For convenience and simplicity, those terms and terms such as Corporation, company, our, we, and its are sometimes public health crises, including the effects of government responses on people and economies; reservoir performance and from operating activities was $23.6 billion and free cash flow was $17.2 billion. Industry-leading shareholder cash provided by operating activities. A reconciliation to net cash provided by operating activities for the 2025 and 2026 periods used as abbreviated references to specific affiliates or affiliate groups. Similarly, ExxonMobil has business relationships with optimization, including variability and timing factors applicable to unconventional resources, the success of new unconventional distributions totaled $9.4 billion, including $4.3 billion of dividends and $5.1 billion of share repurchases. is shown on page 6. thousands of customers, suppliers, governments, and others. For convenience and simplicity, words such as venture, joint Year-to-date vs. year-to-date and AI-enhanced technologies, and the ability of new technologies to improve drilling performance and recovery relative to YTD 2026UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporate & FinancingTotalDollars in millions (unless otherwise noted)U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.Earnings/(Loss) (U.S. GAAP)3,49410,1703,6485559183235611,046(2,007)18,708Identified ItemsImpairments - - - (884)(48) - - - (147)(1,079)Other ¹(1,183)(16)(49)(953)(6)(29)(2)(11)(16)(2,265)Total Identified Items(1,183)(16)(49)(1,837)(54)(29)(2)(11)(163)(3,344)Estimated Timing Effects (Worldwide)(591)(809) - - - (1,400)Adjusted Earnings/(Loss) (non-GAAP)15,4546,8981,3241,620(1,844)23,452¹ YTD 2026 Other Identified Items includes $1,365 million in additions to financial reserves and $900 million in Middle East impacts Cash capital expenditures (Cash Capex) (non-GAAP) • Sum of Additions to property, plant and equipment; additional venture, partnership, co-venturer, and partner are used to indicate business and other relationships involving common activities competitors; the level, outcome, and timing of exploration projects and decisions to invest in future reserves and resources; "The second quarter was shaped by disruption, but defined by execution,” said Darren Woods, ExxonMobil chairman
- Upstream earnings improved as strong reliability contributed to the highest production in more than two decades, investments and advances; and other investing activities including collection of advances; reduced by inflows from and interests, and those words may not indicate precise legal relationships. ExxonMobil's ambitions, plans and goals do not timely completion of development and other construction projects and commencement of start-up operations, including reliance and chief executive officer. “Markets were supportive, but our performance reflected the strength of the portfolio and excluding the Middle East disruptions, partly offset by higher depreciation. guarantee any action or future performance by its affiliates or ExxonMobil Holdings Corporation's responsibility for those noncontrolling interests for major projects, each from the Consolidated Statement of Cash Flows, and for 2026+ excludes on third-party suppliers and service providers; final management approval of future projects and any changes in the scope, operating model we have built over many years." affiliates' actions and future performance, each affiliate of which manages its own affairs. advances and collections not related to capital expenditures or equity investments, for example, supply and marketing related
- Energy Products earnings strengthened, enabled by structural cost savings and a consistent focus on growing terms, or costs of such projects as approved; government regulation of our growth opportunities; government actions in pursuit advances and associated collections. The company believes it is a useful measure for investors to understand the cash impact Throughout this press release, both Exhibit 99.1 as well as Exhibit 99.2, due to rounding, numbers presented may not add up "As conditions changed, we moved products where they were needed, optimized assets, and supported customers, of national energy and security policies or priorities affecting our business; war, civil unrest, armed hostilities, attacks against the advantaged capacity and optimizing assets and products, partly offset by scheduled maintenance impacts. of investments in the business, which is in line with industry practice. A breakdown of cash capex is shown on page 7. precisely to the totals indicated. company or industry and other political or security disturbances, including disruption of land or sea transportation routes or leveraging our global integrated portfolio. We delivered strong earnings and cash flow, continued investing in
- Chemical Products earnings improved on North American feed advantage and performance chemical margins; Structural cost savings (structural cost reductions, structural savings, structural cost improvements, cost discipline) • distribution or shipping channels; expropriations, seizures, or capacity, insurance, export, import or shipping limitations imposed advantaged opportunities, returned cash to shareholders, and strengthened the balance sheet. Importantly, we structural cost savings more than offset higher expenses and unfavorable forex. Structural Cost Savings, which describes decreases in cash opex excluding energy and production taxes as a result of directly or indirectly by governments or laws; changes in market, national or regional tariffs or disruption, realignment or remain committed to further growing advantaged production to help meet the world's need for reliable energy." operational efficiencies, workforce reductions, divestment-related reductions, and other cost-saving measures, that are expected breaking of current or historical trade or military alliances or global trade and supply chain networks; escalating geopolitical
- Specialty Products earnings increased with higher basestock margins and growth in high-value products, despite to be sustainable compared to 2019 levels. Relative to 2019, estimated cumulative Structural Cost Savings totaled $16.3 billion, "ExxonMobil is not built for one market, one quarter, or one set of conditions. It is built to lead as markets evolve - to volatility, including regime changes; opportunities for potential acquisitions, investments or divestments and satisfaction of the Middle East disruptions. which included an additional $1.2 billion in the first six months of 2026. The total change between periods in expenses above turn its advantages into stronger performance and superior long-term returns for shareholders." applicable conditions to closing, including timely regulatory approvals; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies without impairing our competitive positioning; will reflect both Structural Cost Savings and other changes in spend, including market drivers, such as inflation and foreign
Sequential quarter Additional Highlights
unforeseen technical or operating disruptions or difficulties and unplanned maintenance; the development and competitiveness exchange impacts, as well as changes in activity levels and costs associated with new operations, mergers and acquisitions, of alternative energy and emission reduction technologies; the results of research programs and the ability to bring new new business venture development, and early-stage projects. Structural Cost Savings from new operations, mergers and •Upstream earnings improved, with record Permian production of more than 1.8 Moebd and the absence of
- Invested $13.0 billion in cash capital expenditures year-to-date, including $13.0 billion of additions to property, technologies to commercial scale on a cost-competitive basis; and other factors discussed under Item 1A. Risk Factors of acquisitions, and new business venture developments are included in the cumulative Structural Cost Savings. Estimates of operational disruptions in Kazakhstan, partly offset by the Middle East disruptions. plant, and equipment, to grow advantaged assets and high-value products; 2026 planned investments are 20% ExxonMobil’s 2025 Form 10-K. cumulative annual Structural Cost Savings may be revised depending on whether cost reductions realized in prior periods are
- Energy Products earnings increased on strong U.S. Gulf Coast utilization and record diesel production, partly YTD 2025UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporate & FinancingTotalDollars in millions (unless otherwise noted)U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.Earnings/(Loss) (U.S. GAAP)3,0829,0761,1221,07151056613822(1,557)14,795Total Identified Items - - - - - - - - - - Estimated Timing Effects (Worldwide)278(38) - - - 240Adjusted Earnings/(Loss) (non-GAAP)11,8802,2315661,435(1,557)14,555 higher than nearest IOC determined to be sustainable compared to 2019 levels. Structural Cost Savings are stewarded internally to support Actions needed to advance ExxonMobil’s 2030 greenhouse gas emission-reductions plans are incorporated into its mediumoffset by scheduled maintenance impacts. management's oversight of spending over time. This measure is useful for investors to understand the Corporation's efforts to
- Reached final investment decision for 120KTA ProxximaTM blending expansion in Louisiana term business plans, which are updated annually. The reference case for planning beyond 2030 is based on ExxonMobil’s optimize spending through disciplined expense management. A breakdown of structural cost savings is shown on page 8. Global Outlook (Outlook) research and publication. The Outlook is reflective of the existing global policy environment and an •Chemical Products earnings improved on North American feed advantage and reliability enabled margin capture.
- Declared a third-quarter dividend of $1.03 per share, payable on September 10, 2026, to shareholders of record Resources, resource base, and recoverable resources • Along with similar terms, refer to the total remaining estimated assumption of increasing policy stringency and technology improvement to 2050. Current trends for policy stringency and
- Specialty Products earnings improved with higher basestock margins and strong Middle East response. of common stock at the close of business on August 17, 2026 quantities of oil and natural gas that are expected to be ultimately recoverable. The resource base includes quantities of oil and deployment of lower-emission solutions are not yet on a pathway to achieve net-zero by 2050. As such, the Outlook does not natural gas classified as proved reserves, as well as quantities that are not yet classified as proved reserves, but that are project the degree of required future policy and technology advancement and deployment for the world, or ExxonMobil, to meet Earnings per share (EPS) figures assume dilution. Comparative earnings commentary applies to both Earnings/(Loss) (U.S. GAAP) and Adjusted Earnings/(Loss) (non-GAAP) financial metrics, unless otherwise indicated. Both metrics expected to be ultimately recoverable. The term “resource base” or similar terms are not intended to correspond to SEC net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and Middle East disruptions analysis based on exclusion of Middle East country volumes across all periods. share operational drivers but differ by adjusting items as described in the Adjusted Earnings/(Loss) definition on page 4. Adjusting item details for corporate and segment earnings are ExxonMobil's business plans will be updated accordingly. References to projects or opportunities may not reflect investment definitions such as “probable” or “possible” reserves. The term “in-place” refers to those quantities of oil and natural gas shown for 2025 and 2026 periods on page 10. Source: Rystad Energy, Permian production outlook between 2025-2030. Middle East disruptions analysis based on exclusion of Middle East country volumes across all periods. decisions made by ExxonMobil or its affiliates. Individual projects or opportunities may advance based on a number of factors, Second-quarter diesel record based on current asset basis, leveraging internal data available to 2014. estimated to be contained in known accumulations and includes recoverable and unrecoverable amounts. A reconciliation of Second-quarter diesel record based on current asset basis, leveraging internal data availability to 2014. Structural cost savings and planned investments compare IOCs' reported results and outlooks as of July 30, 2026. Shareholder distributions compare IOCs' reported results or including availability of stable and supportive policy, permitting, technological advancement for cost-effective abatement, Bloomberg consensus as of July 30, 2026. 1 2 3 4 5 6 7 8 9 10