Exxon reported a profit increase of 5 billion in the first quarter of the year.
EconomyNorth America
- Error detected
- The claim that Exxon 'made 5 billion more profit' in the first quarter is not supported by any Exxon earnings report. Exxon's Q1 2026 net income was $4.2 billion versus $7.7 billion in Q1 2025 — a year-on-year DECREASE of roughly $3.5 billion.
- Omissions
- The most recent first-quarter results available before the session date (2026-07-08) were Exxon's Q1 2026 results, published 1 May 2026.
- Exxon's Q1 2026 net income of $4.2 billion was 45% below the year-ago figure of $7.7 billion, the lowest Q1 since 2021 — directly contradicting any claim of a profit increase.
- A figure of $8.8 billion in the Q1 2026 release refers to earnings excluding unfavorable estimated timing effects of $3.9 billion, and is not an increase of $5 billion either.
- Sources
- PrimaryExxonMobil — First-Quarter 2026 Results (press release)First-quarter earnings were $4.2 billion compared to $7.7 billion in the first quarter of 2025. First-quarter earnings of $4.2 billion, or $8.8 billion excluding unfavorable estimated timing effects of $3.9 billion.
- PrimaryExxonMobil — First-Quarter 2025 Results (press release)Exxon Mobil Corporation today announced first-quarter 2025 earnings of $7.7 billion, or $1.76 per share assuming dilution.
- SecondaryReutersExxon's net income was $4.2 billion, the lowest since the first quarter of 2021. It was $7.7 billion for the year-ago period.
- SecondaryBNN BloombergNet income for the first quarter was $4.2 billion, down from $7.7 billion in the same period in 2025, and its lowest since the first quarter of [2021].