ExxonMobil (XOM -2.50%) is a powerhouse in the oil patch. The oil giant delivered an industry-leading financial performance last year, producing over $33 billion in earnings and $55 billion in cash flow from operations. That was its third-best performance over the past decade.What's remarkable about Exxon's success last year is that it achieved such strong results without a big boost from commodity prices. Instead, the company's business transformation strategy helped fuel its strong year.A strong year desp ...

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4Q 2024 Earnings Call ExxonMobil January 31, 2025 1 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, future earnings power, potential addressable markets, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as biofuels, hydrogen, ammonia, lithium, direct air capture, and other low carbon business plans t ...

Key TakeawaysExxonMobil on Friday reported lower revenue but higher profits than expected for the final quarter of 2024.The oil and gas giant said it reached 4.33 million oil equivalent barrels per day in 2024, its highest production in over a decade.The company's stock moved lower in Friday morning trading. ExxonMobil's profits topped analyst estimates despite lower revenue than expected for the fourth quarter as the oil and gas giant said its production in 2024 hit its highest level in over a decade. Exxo ...

Exxon Mobil Corporation (XOM) reported fourth-quarter 2024 earnings per share of $1.67 (excluding identified items), which beat the Zacks Consensus Estimate of $1.55. The bottom line, however, declined from the year-ago level of $2.48.Total quarterly revenues of $83.4 billion missed the Zacks Consensus Estimate of $87.1 billion. The top line also decreased from the year-ago figure of $84.3 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Better-than-expected quarterly earnings ...

ExxonMobil surpassed earnings expectations, but revenue fell short, highlighting the fourth quarter's achievements and challenges.Global energy giant ExxonMobil (XOM 0.83%) reported mixed fourth-quarter 2024 results on Friday, Jan. 31. Stronger-than-anticipated earnings resulted in adjusted EPS of $1.67, surpassing market estimates of $1.55. However, total revenue for the quarter was $83.4 billion, falling short of the anticipated $86.33 billion. Free cash flow of $8 billion came in well ahead of analyst es ...

Exxon Mobil (XOM) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.74%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $1.91 per share when it actually produced earnings of $1.92, delivering a surprise of 0.52%.Over the last four quarters, ...

Group 1 - Exxon Mobil Corp is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of $1.56 and revenues of $86.63 billion [1] - The stock has increased by 3.98% over the past year and 1.59% year-to-date [1] Group 2 - Exxon Mobil stock is currently in a strongly bearish trend, trading below key moving averages, including the eight-day ($109.47), 20-day ($109.13), 50-day ($111.65), and 200-day ($115.42) [2] - The MACD indicator at negative 0.38 indicates continued downside momentum, while the RSI at 47.38 suggests the stock is nearing oversold territory [3] Group 3 - Analysts have a consensus rating of "Buy" for Exxon Mobil stock, with a price target of $128.04, indicating a potential upside of 13.5% [4] - At the time of publication, Exxon Mobil stock was trading at $109.54, reflecting a 0.82% increase [4]

Core Viewpoint - Exxon Mobil Corporation (XOM) is expected to report a significant decline in fourth-quarter earnings for 2024, with a consensus estimate of $1.58 per share, reflecting a 36.3% decrease from the previous year [2] Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is projected at $87.1 billion, indicating a 3.3% increase compared to the same period last year [2] - XOM has beaten earnings estimates in three of the last four quarters, with an average surprise of 2.9% [3] Earnings Expectations - The company has an Earnings ESP of -2.38% and currently holds a Zacks Rank of 3 (Hold), suggesting a lower likelihood of beating earnings estimates this quarter [4] - Factors affecting earnings include weaker oil prices, which could reduce upstream earnings by $0.5 billion to $0.9 billion sequentially [5] Market Conditions - The average WTI spot prices for October, November, and December 2024 were $71.99, $69.95, and $70.12 per barrel, respectively, compared to $85.64, $77.69, and $71.90 per barrel in the same months last year [5] - A lower industry refining margin is expected to impact earnings from the Energy Products segment by $0.3 billion to $0.7 billion compared to the previous quarter [6] Stock Performance - XOM's stock has increased by 9.3% over the past year, outperforming the industry average rise of 7.4% [8] - The company's current trailing 12-month EV/EBITDA ratio is 6.43, which is above the industry average of 4.05, indicating potential overvaluation [9] Strategic Developments - The acquisition of Pioneer Natural Resources enhances XOM's production capabilities in the Permian Basin, known for low production costs [12] - The company is investing in alternative energy projects, such as carbon capture and lithium battery technology, which may offer growth opportunities but require significant capital [13] Investment Outlook - Given the current market conditions and long-term growth prospects, it may be advisable for investors to hold XOM stock [14]

Group 1: Exxon Mobil's Exploration Activities - Exxon Mobil Corporation has commenced exploratory drilling offshore Cyprus in partnership with QatarEnergy to access potential natural gas reserves [1] - The drilling operations will focus on the Electra and Pegasus prospects, with drilling at the Electra prospect starting last week [1] - ExxonMobil secured exploration licenses in Cyprus in 2017, joining other international energy companies like Chevron, Eni, and TotalEnergies in the region [3] Group 2: Eastern Mediterranean Gas Reserves - The Eastern Mediterranean region has gained attention from oil and gas producers due to significant natural gas discoveries, including ExxonMobil's discovery at the Glaucoma well in 2019 [2] - Following geopolitical tensions, particularly after Russia's invasion of Ukraine, there has been an increased effort to explore natural gas in the region to reduce reliance on Russian energy [2] Group 3: Cyprus' Energy Ambitions - Cyprus aims to establish itself as a reliable alternative gas supplier for the European Union, despite having modest offshore gas finds compared to Egypt and Israel [4] - The country has not yet put any gas into production, but it is actively pursuing this goal [4] Group 4: Regional Challenges - Drilling activities in Cypriot waters face challenges due to territorial disputes, particularly with Turkey, which claims rights over the continental shelf in the area [5] - The Turkish Defence Ministry has closely monitored ExxonMobil's drilling activities, which are in disputed waters [5] Group 5: Collaboration with Egypt - Cyprus' energy minister is in discussions with Egypt's Petroleum Ministry to explore collaboration on joint infrastructure projects, potentially forming an energy corridor to Europe [6]