How much is Exxon Mobil expecting its second-quarter upstream earnings to increase due to oil price changes, and what was its first-quarter upstream earnings figure?

Exxon Mobil signaled that changes in oil prices would boost its second-quarter upstream earnings by $3.5 billion to $3.9 billion, and the company had posted $5.7 billion in upstream earnings for the first quarter.

What was the average Brent crude price during Exxon Mobil's second quarter (April–June), and how did it compare to the prior quarter?

Benchmark Brent crude prices averaged $93.58 a barrel during the April–June quarter, representing a 4.8% increase from the prior quarter.

Exxon Mobil Signals Higher Second-Quarter Earnings

Jul 7, 2026

Exxon Mobil forecasts a $3.5 billion to $3.9 billion rise in Q2 upstream earnings due to higher oil prices, as Brent crude averaged $93.58 per barrel amid geopolitical supply risks.

reuters

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