Public Event Detail
Should You Buy ExxonMobil Stock in 2026 After Gross Margin Fell to Its Lowest Level in Eight Quarters?
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Event summary
ExxonMobil's Q1 2026 earnings showed a 3% revenue increase to $83.16 billion but a significant 46% drop in operating income and a record-low gross margin of 25%, largely due to higher cost of goods sold from Middle East supply disruptions. Despite operational successes like record output and increased refinery throughput, the income statement raises questions about sustained cost pressures. TIKR's model values XOM at $153 by December 2030, suggesting only a 4% total return from its current $147 price, indicating that gross margin recovery is crucial for a more compelling investment.