Exxon Mobil Reports Mixed Q2 Earnings Amid Lower Profits

Exxon Mobil is preparing to release its second-quarter earnings report, with analysts expecting earnings per share of $1.56, down from $2.14 in the prior year, and revenue around $80.5 billion, a decline from $93.06 billion. Despite this expected drop, Exxon’s stock has shown resilience, closing at $111.64 and up over 5% in the last three months. The company recently lost a legal dispute with Chevron over Hess Corp's offshore oil assets in Guyana, prompting Exxon CEO Darren Woods to express interest in acquisition opportunities within the oil-and-gas sector. Exxon is also advancing its low-carbon initiatives, including carbon capture, hydrogen production, and plans to achieve net-zero emissions from operated assets by 2050, though these ambitions depend on stable policy and technological progress. Wall Street analysts remain generally positive on Exxon, with most maintaining overweight or buy ratings and modestly adjusting price targets. Overall, Exxon faces the challenge of balancing lower earnings with strategic investments in both traditional and clean energy sectors amid a complex regulatory and market environment.