-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
XOM posted Q1 adjusted EPS of $1.16, beating consensus by $0.15, though upstream earnings declined to $5.7B from $6.8B in the prior year, primarily due to lower volumes from divestments and operational disruptions. One-time items of $0.93 mainly reflect mark-to-market accounting that should unwind over coming periods. The company continues advancing structural cost savings, reaching $15.6B or 78% of its $20B target by 2030, while Guyana achieved record production exceeding 900k gross barrels daily and Golden Pass LNG Train 1 reached first production. Management maintains full-year capex guidance of $27B-$29B and buyback guidance of $20B for 2026. XOM allocated $9.2B to shareholder returns versus $6.2B in capex during Q1, suggesting a reinvestment rate of only 43% if this pace continues. The quarterly dividend of $1.03 per share yields 2.7% annually, and we expect continued strong cash returns given the company's advantaged assets in Guyana and the Permian Basin.