Why did ExxonMobil's second-quarter earnings narrowly miss analyst expectations despite high crude prices and strong refining margins?

ExxonMobil's adjusted second-quarter earnings of $3.52 a share missed the Bloomberg survey average by 2 cents 'due in part to refinery maintenance that meant it wasn’t able to fully capture high prices for gasoline, diesel and jet fuel.'

What is ExxonMobil's current daily crude production level, and where is most of it coming from?

ExxonMobil has pushed companywide crude production to the equivalent of 4.5 million barrels a day, with the Permian Basin now accounting for roughly 40% of the company’s worldwide output.

ExxonMobil Posts Slight Miss as Repairs Dogged Refining Results

Jul 31, 2026

ExxonMobil missed Q2 profit forecasts due to refinery maintenance despite record-high fuel margins and soaring crude prices amid US-Iran tensions. Total profits reached $14.7 billion, the highest since the Ukraine invasion.

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