Oil giants brace for impact: Exxon and Chevron Q2 earnings to reveal profit hit amid crude chaos

Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are set to report their Q2 earnings on Friday before the market opens, with each grappling with distinct challenges as tariffs and geopolitical woes roil global oil markets, sending shockwaves through the energy sector.

Analysts on average expect Exxon to report EPS of $1.55 (-27.6% Y/Y) on revenue of $80.31B (-13.7% Y/Y).

With a healthy dividend yield and potential for mid-teens total returns, XOM remains a buy ahead of its Q2 earnings report, despite commodity price risks, one Seeking Alpha Investing Group leader writes.

The company’s integrated model and cost reductions provide stability and strong margins, even amid sector headwinds, analysts argue.

Chevron, meanwhile, is expected to report EPS estimate of $1.75 (-31.4% Y/Y) on revenue of $45.05B (-12.0% Y/Y).

For investors, the Guyana Stabroek block remains a major focus, as Chevron now holds a 30% stake in this prolific offshore oil block, expected to drive significant free cash flow and production growth into the 2030s.

Chevron closed its $55 billion acquisition of Hess earlier this month, after winning a landmark legal battle against larger rival Exxon Mobil.

However, despite strong financial health, robust dividends, and aggressive buybacks, CVX’s current valuation is “unattractive vs. sector peers,” one SA analyst adds.

Over the last 2 years, XOM has beaten EPS estimates 63% of the time and revenue estimates 38% of the time. CVX, at the same time, surpassed EPS estimates 50% of the time and has beaten revenue estimates 50% of the time.

Recent earnings Analysis from our contributors:Exxon Mobil: Q2 Earnings Could Be The Catalyst For A Value Revival