Quick Read – XOM beat EPS at $1.16 with Guyana hitting 900,000 barrels/day; COP also beat and pledged returning 45% of cash flow to shareholders. – Exxon’s 43-year dividend streak and $16 refining margins make it the steadier hold; a WTI recovery above $85 would flip the edge to…
P. – Conoco’s guidance excludes Qatar LNG volumes due to the ongoing conflict, making any Strait of Hormuz reopening an unpriced upside catalyst. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn’t make the cut. Grab the names FREE today
Exxon Mobil (NYSE:XOM) and ConocoPhillips (NYSE:COP) both closed the books on Q1 2026 against a chaotic oil market: WTI spiked to $114.58 on April 7 after Middle East supply shocks, then collapsed to $71.87 by late June. Exxon leaned on its integrated machine to absorb the whiplash. Conoco leaned on discipline, buybacks, and a growing LNG book.
Golden Pass Lifts Exxon. Willow Anchors Conoco. Exxon beat on EPS at $1.16 versus $1.0074 expected, though headline net income fell to $4.18 billion after a $3.88 billion derivative timing hit and $706 million in Middle East disruption losses.