XOM · 10-Q · 2026Q1 · Full report

Upstream Production Volume

EXXON MOBIL CORP · 2026-05-04 · Importance 54 · Surprise 40

Upstream reported total segment earnings of $5,737 million in 1Q 2026, down from $6,756 million in 1Q 2025, a decrease of $1,019 million year-over-year. Oil-equivalent production was 4,594 thousand barrels per day in 1Q 2026 versus 4,551 thousand barrels per day in 1Q 2025, an increase of 43 thousand barrels per day driven by Permian and Guyana growth. Net production of crude oil, NGL, bitumen and synthetic oil was 3,297 thousand barrels daily in 1Q 2026 versus 3,139 thousand barrels daily a year earlier, reflecting regional changes including Middle East disruptions. Management attributes Upstream earnings movements to drivers including advantaged volume growth (+$610 million), estimated timing effects (−$690 million mark-to-market), higher depreciation (expense impact noted separately), divestments and Kazakhstan downtime.

Key facts

• Net natural gas production available for sale worldwide for the three months ended March 31, 2026: 7,779 million cubic feet daily. source
• Net production of crude oil, natural gas liquids, bitumen and synthetic oil worldwide for the three months ended March 31, 2026 (specific worldwide figure shown in table): 3,297 thousands of barrels daily. source
• Oil-equivalent production for the three months ended March 31, 2026: 4,594 thousands of oil-equivalent barrels daily. source