**ExxonMobil profits** more than doubled in the period, reaching **US$15.4bil** against US$7.5 billion a year earlier. The jump follows a wave of soaring petroleum profits after the US-Israel attacks on Iran launched in late February.
How Did ExxonMobil Profits Double to US$15.4bil?
Revenue climbed about 33% to **US$113.2 billion**. Average **oil prices** reached around US$85 per barrel, about a third more than in the 2025 quarter.
The biggest swing came from refining. Margins hit **US$50.3 per barrel**, almost three times the year-ago level.
Why Did ExxonMobil’s Refining Margins Almost Triple?
ExxonMobil said it pushed to boost output of diesel and other key products, where supplies have tightened. Refining capacity in Russia and the Middle East remained curtailed, with roughly 10% of global capacity offline.
North American refineries ran at high operating rates but could not fully offset the shortfall. US Gulf Coast refineries reached **100% crude unit utilisation**, according to the company’s press release.
What Is Weighing on ExxonMobil’s Upstream Output?
Upstream production fell to 4.5 million barrels per day of oil equivalent, down almost 6% from a year earlier. Damaged petroleum sites in the Middle East have caused a **US$2.9 billion** hit so far in 2026.
Investors may want to watch whether upstream volumes recover while refineries keep running hard.
What Does the ExxonMobil Surge Mean for Shareholders?
**ExxonMobil** shares rose 2% in pre-market trading after the results. The profit gain rests on refining, while the upstream decline and Middle East damage are the offsets to track.
The source article does not link ExxonMobil to any Bursa Malaysia counter. Malaysian investors seeking similar oil-cycle exposure can screen Bursa-listed oil and gas names using tools like AI Stock Analysis for Malaysians.
Disclaimer: This article is for general information only and is not investment advice. Do your own research and consider your risk profile before making any decision.
Key Takeaways
- Refining, not crude output, powered the **ExxonMobil profits** jump.
- Upstream volume is the weak spot to monitor.
- Middle East site damage remains an ongoing cost in 2026.
- Oil prices near US$85 per barrel keep petroleum earnings in focus.
Frequently Asked Questions
How much profit did ExxonMobil make?
ExxonMobil profits reached US$15.4bil in the period, slightly more than double the US$7.5 billion in the year-ago period. Revenue was about 33% higher at US$113.2 billion.
Why did ExxonMobil profits double?
The biggest driver was refining, where margins were US$50.3 per barrel, almost three times the year-ago level. Oil prices averaged around US$85 per barrel, while roughly 10% of global refining capacity was offline.
How much did ExxonMobil’s upstream output fall?
ExxonMobil produced 4.5 million barrels per day of oil equivalent, down almost 6% from the year-ago level. Damaged Middle East sites have cost US$2.9 billion so far in 2026.
Is ExxonMobil listed on Bursa Malaysia?
The source article does not mention a Bursa Malaysia listing for ExxonMobil. Check with your broker about overseas market access, and do your own research before investing.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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