XOM · 8-K · 20260707PR000003
Change in Liquids Prices
ExxonMobil Holdings Corp · 2026-07-07 · Importance 53 · Surprise 32 · No source text
Management estimates a 2Q26 impact from changes in liquids prices on Upstream earnings of $3.5–$3.9 billion versus 1Q26, reflecting changes in crude, condensate and NGL realizations at prior-period sales volumes.,Change in gas prices is shown separately at -$0.2 to $0.2 billion for Upstream and settled gas trading for 2Q26 compared with 1Q26.,The firm presents these price-driven effects as part of its market-factor estimates for 2Q 2026 relative to 1Q 2026 and ties the liquids amount specifically to crude/condensate/NGL realizations.
Key facts
- Estimated effects of market factors impacting 2Q 2026 results - Change in liquids prices: $3.5 - $3.9 billion source
- Change in liquids price is defined to include impacts from the change in crude, condensate, and NGL realizations at prior period sales volumes. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | probable | +2.2% | Estimated effects of market factors impacting 2Q 2026 results - Change in liquids prices: $3.5 - $3.9 billion |