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Yes, is perfectly compatible guy, good luck.
The Ford 4.0 liter SOHC engine has ( 3 ) timing CHAINS
For a 1998 Ford Explorer : The 4.0 liter V6 engine ( either the EFI or the SOHC version ) ( have 6 engine cylinders )
( 3 timing chains ) on the 4.0 liter SOHC Ford engine . 2 are at the front of the engine and 1 timing chain at the back of the engine to the passenger side cylinder head
Its for Mexico OFF ROAD. not for driven in USA.
That's the 4.0 liter SOHC ( single over head cam ) V6 engine in a 1998 Ford Explorer XLT ( the 8th " character " of your VIN is an " E " ) / or you could have the 5.0 liter V8 engine , which is an over head valve design , the 8th character of your VIN would be a " P "
Either the 4.0 liter SOHC - V6 engine or the 4.6 liter SOHC - V8 engine
( 6 ) for the 4.0 liter V6 engine ( OHV and SOHC ) ( 8 ) for the 5.0 liter V8 engine
According to the 1998 Ford Explorer Owner Guide : For the 4.0 liter V6 engine , EFI and SOHC versions ( Motorcraft FL-1A ) For the 5.0 liter V8 engine ( Motorcraft FL-820S )
For a 2003 Ford Explorer : There were two engine sizes offered from the factory ( the 4.0 liter SOHC , V6 engine , and the 4.6 liter SOHC , V8 engine )
The Ford 4.0 liter OHV , V6 engine has ( 1 ) timing chain ( but the 1998 Ford Explorer XLT model , if it has the 4.0 liter V6 engine , would have the SOHC engine which has ( 3 ) timing chains )