ExxonMobil reported a 5% net income margin for Q1 2026, trailing Chevron’s 7% operating margin amid new LNG and power agreements.
ExxonMobil (XOM) and Chevron (CVX) reported contrasting profitability metrics for the quarter ended March 31, 2026. ExxonMobil posted a 5% net income margin, while Chevron achieved a 7% operating margin, highlighting operational differences between the two energy giants.
Both companies expanded their market reach, with ExxonMobil securing an LNG supply deal with South Africa and Chevron finalizing a power agreement with Microsoft (MSFT) in Texas. The firms remain key players in global oil and gas exploration, refining, and petrochemical production.
Revenue scale, measured by standardized income-statement figures, remains a critical metric for investors assessing core operational performance before deductions.