XOM Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), XOM reported revenue of $114.5B, gross profit of $25.6B (22.4% gross margin), operating income of $18.2B, and net income of $14.5B (12.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
XOM was profitable; revenue grew 44.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +44.1% | +305.1% | +21.6 pp |
| Quarter over quarter | +37.7% | +247.2% | +7.7 pp |
Consensus estimate data is not available for this report.
XOM Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $114.5B | 100% |
| Cost of Revenue | −$88.9B | 77.6% |
| Gross Profit | $25.6B | 22.4% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$2.5B | 2.2% |
| Other Operating Expenses | −$5.0B | 4.3% |
| Operating Income | $18.2B | 15.9% |
| Interest Expense | −$227M | 0.2% |
| Other Income, net | $1.2B | 1.1% |
| Income Tax Expense | −$4.5B | 4.0% |
| Net Income | $14.5B | 12.7% |
Source: XOM filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.