Chevron & Exxon Mobil Earnings: What to Expect

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By Ronald Tech

Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many sectors have delivered their quarterly prints, with next week just as exciting.

Among the bunch this week are two energy titans, Exxon Mobil XOM and Chevron CVX. There has been a slight performance disparity between the two in 2025, with XOM shares outperforming.

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Energy companies are expected to face a harsh reporting period in general, with earnings for the broader Zacks Oil & Energy sector expected to be down -22.7% from the same period last year on -0.4% lower revenues.

Let’s take a closer look at revisions for XOM and CVX.

Exxon Mobil

Earnings revisions for the upcoming release have been back-and-forth but overall reflect stability, with the $1.74 Zacks Consensus EPS estimate up 1.2% since just the beginning of February. The value implies a 15% pullback from the same period last year, reflecting a notable profitability crunch.

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Image Source: Zacks Investment Research

Investors will also be zeroed in on the company’s cash flows, which have allowed it to sport a shareholder-friendly nature for years. Below is a chart illustrating the company’s free cash flow on a quarterly basis.

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Image Source: Zacks Investment Research

Chevron

Earnings expectations for CVX’s release have fallen much more, with the current $2.15 Zacks Consensus EPS estimate down 13% over the same timeframe and suggesting a 27% decline year-over-year.

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Image Source: Zacks Investment Research

The company’s sales expectations have actually drifted higher, with the current $47.9 billion expected up more than 2% over the same time period while suggesting a 1.5% pullback year-over-year.

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Putting Everything Together

Two energy heavyweights – Exxon Mobil XOM and Chevron CVX – are on the reporting docket this week, continuing a hectic week of earnings overall.

The setup for XOM appears to be much more attractive heading into the release given its favorable EPS revisions trend relative to CVX.

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This article originally published on Zacks Investment Research (zacks.com).

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