EX-99.23livef8k1q26992.htmINVESTOR RELATIONS DATA SUMMARY Document
EXHIBIT 99.2
To assist investors in assessing 1Q26 results, the following disclosures have been made available in the 8-K filing:
1Q26 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 1)
Effective Income Tax Rate
1Q26
4Q25
3Q25
2Q25
Effective Income Tax Rate, %
40
%
21
%
32
%
34
%
Common Shares Outstanding, millions
1Q26
4Q25
3Q25
2Q25
At quarter end
4,145
4,179
4,217
4,263
Weighted-average - assuming dilution
4,202
4,238
4,285
4,331
Upstream Volume Driver Analysis, koebd
1Q26 vs 4Q25
1Q26 vs 1Q25
Prior Period
4,988
4,551
Entitlements - Net Interest
—
(27)
Entitlements - Price / Spend / Other
(45)
(7)
Government Mandates
—
(4)
Divestments
(17)
(69)
Growth / Other
(332)
150
Current Period
4,594
4,594
Upstream Realization Data
1Q26
4Q25
3Q25
2Q25
United States
ExxonMobil
Crude ($/b)
70.12
58.57
63.56
62.58
Natural Gas ($/kcf)
3.37
1.75
2.36
2.41
Marker Benchmarks
WTI ($/b)
71.98
59.23
65.03
63.87
Henry Hub ($/mbtu)
5.01
3.55
3.07
3.44
Non-U.S.
ExxonMobil
Crude ($/b)
69.98
57.46
62.58
62.01
Natural Gas ($/kcf)
10.58
9.60
9.62
10.23
Marker Benchmarks
Brent ($/b)
80.61
63.69
69.07
67.82
TTF ($/mbtu)
10.79
10.77
11.75
12.40
The above numbers reflect ExxonMobil’s current estimate of volumes and realizations given data available as of the end of the first quarter of 2026. Volumes and realizations may be adjusted when full statements on joint venture operations are received from outside operators. ExxonMobil management assumes no duty to update these estimates.
Product Solutions Marker Benchmark Data
1Q26
4Q25
3Q25
2Q25
Energy Products
Indicative Refining Margin ($/b)
16.3
18.3
17.5
13.6
Chemical Products
North American Polyethylene ($/T)
965
759
812
821
Asia Pacific Polyethylene ($/T)
865
822
840
837
Asia Pacific LVN ($/T)
720
564
588
576
USGC Ethane ($/T)
173
196
171
178
The above markers reflect the average prices from the quarter. Indicative Refining Margin, NA PE, AP PE, AP LVN, and USGC Ethane from Platts, part of S&P Global Commodity Insights. NA PE, AP PE, AP LVN, and USGC Ethane historical prices were updated to reflect simple averages. Marker associated sensitivities developed for forward-looking analysis and in relation to full-year results. For any given period, the accuracy of the earnings sensitivity will be dependent on the price movements of individual types of crude oil, natural gas, or products, results of trading activities, project start-up timing, maintenance timing, taxes and other government take impacts, price adjustment lags in long-term gas contracts, and crude and gas production volumes.
Accordingly, changes in benchmark prices only provide broad indicators of changes in the earnings experienced in any particular period. Refer to "Modeling Toolkit" tab on the Investor Relations page of our website at www.exxonmobil.com for more information.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 0 | 0 | 0 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Not placed in the text
These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.
Theme · upstream volume decline
“Growth / Other (332) koebd sequentially from 4,988 to 4,594”
Theme · tax rate volatility
“Effective Income Tax Rate increased to 40% in 1Q26 from 21% in 4Q25”
Theme · crude price recovery
“U.S. crude realization of $70.12/b versus $58.57/b prior quarter, with WTI at $71.98/b”
Theme · natural gas price improvement
“U.S. Natural Gas realization increased to $3.37/kcf from $1.75/kcf, Henry Hub at $5.01/mbtu”
Theme · chemical margin expansion
“North American Polyethylene rose to $965/T from $759/T, Asia Pacific LVN to $720/T from $564/T”
Theme · refining margin compression
“Indicative Refining Margin decreased to $16.3/b from $18.3/b in prior quarter”
Theme · divestment impact
“Divestments reduced volumes by 17 koebd sequentially and 69 koebd year-over-year”
Source: SEC EDGAR · public domain · Highlights by Palanor