TradingKey – ExxonMobil (NYSE: XOM) closed at $178.98 on Friday, October 16, up 2.46% from Thursday. It is currently up about 49% in 2026, and Brent crude closed at $109.86 the same day as the attacks in the Strait of Hormuz escalated.
My thesis is that Exxon is going to have a strong Q3, likely from refining as opposed to crude. The main uncertainty is how long will the disruption in the Middle East keep margins elevated. The catalyst is confirmed: Exxon will report its Q3 results at 5:30 a.m. CT on Friday, October 30, and will hold an earnings call at 8:30 a.m. CT.
What Exxon’s Q3 Preview Shows
On October 16, Exxon provided an advance preview of “market and other factors” impacting Q3 results, relative to Q2. The company states it is…
