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ExxonMobil(XOM) - 2024 Q3 - Earnings Call Transcript
2024-11-01 16:05
Exxon Mobil Corporation (NYSE:XOM) Q3 2024 Earnings Conference Call November 1, 2024 9:30 AM ET Company Participants Jim Chapman - Treasurer, and Vice President of Investor Relations Darren Woods - Chairman, and Chief Executive Officer Kathy Mikells - Senior Vice President, and Chief Financial Officer Conference Call Participants Devin McDermott - Morgan Stanley Neil Mehta - Goldman Sachs Doug Leggett - Wolfe Research John Royall - J.P. Morgan Betty Jiang - Barclays Capital Bob Brackett - Bernstein Research ...
2 Oil Giants Buzzing After Earnings
Schaeffers Investment Research· 2024-11-01 15:01
Chevron Corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) just had their turn in the earnings confessional. Both energy names beat analysts' third-quarter earnings and revenue estimates, with the former returning over $7 billion to its shareholders through buybacks and dividends, while the latter had its highest production level in about four decades.CVX was last seen up 3.9% to trade at $154.65, and earlier surged to its highest level since early August. The shares just bounced off a familiar floor at $148 t ...
Exxon Q3 revenue miss offset by profit beat
Proactiveinvestors NA· 2024-11-01 14:31
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Exxon CEO on U.S. election: 'Not sure how drill, baby, drill translates into policy'
CNBC· 2024-11-01 14:03
The outcome of the U.S. presidential election on Nov. 5 won't affect oil production levels in the short- to medium term, Exxon CEO Darren Woods told CNBC on Friday.Former President Donald Trump has called for unconstrained oil and gas production to lower energy prices and fight inflation, boiling his energy policy down to three words on the campaign trail: "Drill, baby, drill.""I'm not sure how drill, baby, drill translates into policy," Woods told CNBC's "Squawk Box" Friday after the largest U.S. oil and g ...
ExxonMobil(XOM) - 2024 Q3 - Earnings Call Presentation
2024-11-01 13:03
2024 3 rd Quarter Earnings Improved earnings power generating industry-leading shareholder value 11.01.24 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, dir ...
Exxon Mobil (XOM) Tops Q3 Earnings Estimates
ZACKS· 2024-11-01 12:40
Exxon Mobil (XOM) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $2.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.52%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $2.04 per share when it actually produced earnings of $2.14, delivering a surprise of 4.90%.Over the last four quarters, ...
Exxon earnings beat, increases fourth-quarter dividend
CNBC· 2024-11-01 10:45
An Exxon gas station is seen in the Brooklyn borough of New York City on Oct. 6, 2023.Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest production level in more than four decades.Here is what Exxon reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.92 adjusted, vs. $1.88 per share expected.Revenues: $90 billion, vs. $93.94 billion expectedThe oil major booked net income of $8.61 b ...
Exxon Mobil Is Both Cheaper And Better Than Occidental Petroleum
Seeking Alpha· 2024-10-30 22:03
My last analysis on Exxon Mobil stock (NYSE: XOM ) was titled “Exxon Mobil: Bridgewater Added Energy Shares And So Did I”. As hinted in the title, the article analyzed XOM following the perspective of Ray As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If your share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas.We have helped our members not only to beat S&P 500 but al ...
Exxon Mobil: As Dear As Salt
Seeking Alpha· 2024-10-30 17:16
In January, we initiated on Exxon Mobil Corporation (NYSE: XOM ), with a $150/share Price Target and a Buy Rating. The company's shares have appreciated by 18% since January. In that article, we had highlighted key factors signifying long-term prosperity Currently, I work as an investment analyst at Seamist Capital. Previously, since 2006, I was on the sell-side, in a research analyst role. The banks I have worked for include the Stanford Group, Madison Williams, Roth Capital, and WR Hambrecht. I have passe ...
Exxon Mobil: What Can We Expect From Q3 Earnings?
Seeking Alpha· 2024-10-30 16:20
The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!Exxon Mobil Corporation (NYSE: XOM ) will report its third-quarter earnings results on Friday. In this article, we will take a look at what investors can expect from the ...