Exxon Mobil (NYSE:XOM) posted strong Q4 2023 earnings on Feb. 2, but shares still fell in pre-market trading. Revenue of $84.3 billion missed expectations by just 1%, and the company’s earnings per share of $2.48 outperformed predictions of $2.21 by 12%.Energy trading was particularly noteworthy. The Houston-based firm posted a $1.14 billion gain from its trading arm, offsetting a $410 million profit reduction from declining oil prices. This performance is noteworthy considering Exxon’s relatively cautious ...

Shares of Exxon Mobil Corp. XOM, -0.41% rallied 1.9% in premarket trading Friday, after the oil and gas giant reported fourth-quarter profit and free cash flow that beat expectations even as revenue fell well short. Net income dropped to $7.63 billion, or $1.91 a share, from $12.75 billion, or $3.09 a share, in the year-ago period. Excluding nonrecurring items, such as a $2 billion impairment resulting from regulatory obstacles in California, adjusted earnings per share of $2.48 beat the FactSet consensus ...

An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203.Exxon Mobil reported quarterly earnings that beat Wall Street's expectations, but the company's profit declined significantly from same period the year prior.Here's what Exxon reported for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $2.48 adjusted vs. $2.21 expectedExxon reported net income of $7.63 billion, or $1.91 per share, ...

Many believe the 2024 U.S. presidential elections will meaningfully affect oil stocks moving forward because the likely candidates of both parties are miles apart in terms of views on energy.Exxon Mobil Corp (NYSE: XOM) will particularly remain in focus considering it’s a key name in this space. What Donald Trump’s victory may mean for Exxon stockCopy link to sectionExxon stock will likely shine in the coming years if Donald Trump is elected as the 47th president of the United States in November.That’s prim ...

Exxon Mobil Corporation (XOM) is set to release fourth-quarter 2023 results on Feb 2, before the opening bell. Since the integrated energy player has significant exposure to upstream business, the favorable oil and natural gas prices are likely to have aided the quarterly performance.Upstream BusinessExxonMobil’s upstream businesses fall under core operations. This segment covers the company’s activities in exploring and developing oil and natural gas resources. From upstream operations within and outside t ...

Exxon Mobil (XOM) closed at $103.13 in the latest trading session, marking a +0.13% move from the prior day. The stock lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.Shares of the oil and natural gas company have appreciated by 3.02% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.The investment community will be paying close attention to the earnings performance ...

Exxon Mobil Corporation (XOM) is set to report fourth-quarter 2023 earnings on Feb 2, before the opening bell.In the last reported quarter, the integrated energy giant’s earnings per share of $2.27 (excluding identified items) missed the Zacks Consensus Estimate of $2.36 due to lower realizations of crude prices and a decline in oil equivalent production.ExxonMobil’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same twice, delivering an average surprise of 0 ...

ExxonMobil (XOM 0.85%) is a giant company, with a huge market cap of roughly $400 billion. It has a fairly attractive dividend yield of around 3.8%, compared to the S&P 500 index's relatively tiny 1.4% yield. It also happens to have an investment grade-rated balance sheet.There's a lot to like here for investors looking at the energy sector. But it gets even better when you dig deeper into the story. Here are three other reasons to like this dividend-paying energy stock.1. ExxonMobil has a great dividend tr ...

Exxon Mobil (XOM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 2. ...

BURBANK, CA - FEBRUARY 01: An Exxon gas station advertises its gas prices on February 1, 2008 in ... [+] Burbank, California. Exxon Mobil Corp. has posted an annual profit of $40.6 billion, the largest ever by a US company, and set a new US record for the highest quarterly profit, $11.7 billion for the last three months of 2007. The previous annual profit record, $39.5 billion, was set by Exxon in 2006. The company's revenue also rose 30 percent in the fourth quarter, from $90 billion a year ago to $116.6 b ...