XOM · 10-Q · 2026Q3 · Full report
Refining and Product Margins
ExxonMobil Holdings Corp · 2026-11-02 · Importance 38 · Surprise 24 · In source text
Energy Products third-quarter earnings increased by $7.660 billion from stronger refining margins and optimization. Specialty Products earnings benefited by $660 million from higher basestock margins, while nine-month earnings increased by $750 million on the same driver. Chemical Products earnings rose by $360 million in the quarter and $870 million year to date, mainly because of North America’s ethane feed advantage; global chemical margins nevertheless declined, particularly in Europe and Asia, as product availability and feed costs remained high.
Key facts
- Energy Products third-quarter margin effects increased earnings by $7,660 million from stronger refining margins and optimization. source
- Energy Products year-to-date margin effects increased earnings by $13,100 million from stronger refining margins and optimization. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +11.6% | Energy Products year-to-date margin effects increased earnings by $13,100 million from stronger refining margins and optimization. |