STEFANI REYNOLDS/AFP via Getty Images Exxon Mobil (NYSE:XOM) posted a mixed end of FY23 with strong production being offset by softer commodities pricing from their upstream, refining, and chemicals segments. Though these headwinds are expected to persist with JPMorgan commodities analysts anticipating Brent to reach $83/bbl mid-2024, I do expect a continuation of a soft chemicals market as we navigate this coming year. Despite these challenges, management is being proactive in their cost-cutting initia ...

Exxon Mobil (XOM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this oil and natural gas company have returned +0.6% over the past month versus the Zacks S&P 500 composite's +5.3% change. The Zacks Oil and Gas - Integrated - International industry, to which Exxon belongs, has lost 2.1% over this period. Now the key question is: Where could the stock be headed in the near te ...

David McNew My Thesis Exxon Mobil Corporation (NYSE:XOM) (NEOE:XOM:CA), one of the largest integrated oil and gas companies in the world, seems to me to be the best play among the O&G majors due to the combination of positive factors we can see from the latest quarterly results, as well as how cheaply XOM stock is trading today. My Reasoning Exxon Mobil posted Q4 FY2023 earnings of $7.6 billion, equivalent to $1.91 per diluted share. However, these figures included some bumps, with $2.3 billion in ident ...

Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX), already major players in the Permian Basin, are gearing up for a significant increase in production in 2024.The move indicates that U.S. oil production could surpass previous expectations, repeating the trend observed in 2023.ExxonMobil’s Expansion through AcquisitionExxonMobil entered an agreement to acquire Pioneer Natural Resources Company (PXD) for $64.5 billion, marking a significant expansion in the Permian Basin. This acquisition is set to ...

Exxon Mobil Corporation (XOM) reported fourth-quarter 2023 earnings per share of $2.48 (excluding identified items), which beat the Zacks Consensus Estimate of $2.21. However, the bottom line declined from the year-ago level of $3.40.Total quarterly revenues of $84,344 million missed the Zacks Consensus Estimate of $91,814 million and also declined from the year-ago quarter’s figure of $95,429 million.Better-than-expected quarterly earnings primarily resulted from increased liquids production. The positives ...

Exxon Mobil (XOM) reported $84.34 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 11.6%. EPS of $2.48 for the same period compares to $3.40 a year ago.The reported revenue represents a surprise of -8.14% over the Zacks Consensus Estimate of $91.81 billion. With the consensus EPS estimate being $2.21, the EPS surprise was +12.22%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Exxon Mobil Corporation (NYSE:XOM) Q4 2023 Earnings Call Transcript February 2, 2024 8:30 AM ET Company Participants Jennifer Driscoll - VP, IR Darren Woods - Chairman and CEO Kathy Mikells - SVP and CFO Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Devin McDermott - Morgan Stanley John Royall - JP Morgan Bob Brackett - Bernstein Research Ryan Todd - Piper Sandler Biraj Borkhataria - RBC Sam Margolin - Wolfe Research. Jason Gabelman - TD Cowen Paul Cheng - Scotiabank ...

Darren Woods – the chief executive of Exxon Mobil Corp (NYSE: XOM) attributes strength in the company’s recently concluded quarter to “excellence in execution”.$XOM has doubled its earnings powerCopy link to sectionThe oil and gas behemoth came in ahead of Street estimates for per-share earnings in its fiscal fourth quarter. Its quarterly revenue, however, came in shy of expectations, as per a press release on Friday. But Darren Woods remains content with the overall performance of $XOM as it beats peers in ...

2023 Our strategy is delivering Fourth-quarter leading results earnings 2.2.24 Important information for investors and stockholders ...

Exxon Mobil (XOM) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $3.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.22%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $2.36 per share when it actually produced earnings of $2.27, delivering a surprise of -3.81%.Over the last four quarter ...