XOM · 8-K · 20260707PR000003
Estimated Timing Effects
ExxonMobil Holdings Corp · 2026-07-07 · Importance 53 · Surprise 32 · No source text
ExxonMobil estimates net timing effects for 2Q26 of $2.2–$3.0 billion resulting from the mark-to-market of open financial derivatives at quarter end versus LIFO inventory valuation of the associated physical shipments.,The company explains that in periods of rising prices timing effects are typically negative, while in periods of falling prices timing effects are typically positive, and that these differences unwind over subsequent quarters.,Management notes crude and products trading timing impacts primarily affect the Energy Products segment while natural gas related timing impacts are included in the Upstream segment for the 2Q26 period.
Key facts
- 2Q26 Adjusting Items - Accounting for estimated timing effects (total range shown): $2.2 - $3.0 billion source
- 2Q26 Adjusting Items - Estimated timing effects: $(0.3) - $0.3 billion source
- The company currently intends to furnish its 2Q 2026 financial results by posting them on its website and in a filing on Form 8-K in EDGAR at approximately 5:30 a.m. CT Friday, July 31, 2026. source
- 1Q26 estimated timing effects: $(3.9) billion (total shown as (3.9)) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -4.6% | 1Q26 estimated timing effects: $(3.9) billion (total shown as (3.9)) |
| operating_income | positive | probable | +1.5% | 2Q26 Adjusting Items - Accounting for estimated timing effects (total range shown): $2.2 - $3.0 billion |
| operating_income | mixed | probable | 0.0% | 2Q26 Adjusting Items - Estimated timing effects: $(0.3) - $0.3 billion |